Tetra Tech (NASDAQ:TTEK) Sets New 1-Year Low - Time to Sell?

Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $27.27 and last traded at $28.37, with a volume of 1123907 shares. The stock had previously closed at $29.10.

Analyst Ratings Changes

TTEK has been the topic of several research reports. Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. KeyCorp cut their price target on shares of Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada set a $49.00 price objective on shares of Tetra Tech in a report on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $47.92.

Tetra Tech Stock Up 3.2 %

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 31.71 and a beta of 0.89. The business's 50 day moving average price is $29.95 and its 200 day moving average price is $38.78.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. On average, equities analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

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Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, February 12th. Tetra Tech's dividend payout ratio (DPR) is presently 24.21%.

Insider Activity

In related news, Director Kirsten M. Volpi sold 10,116 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $34.33, for a total value of $347,282.28. Following the transaction, the director now directly owns 60,196 shares of the company's stock, valued at approximately $2,066,528.68. This trade represents a 14.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Tetra Tech

Several hedge funds and other institutional investors have recently made changes to their positions in TTEK. Oregon Public Employees Retirement Fund boosted its stake in shares of Tetra Tech by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 54,525 shares of the industrial products company's stock valued at $2,172,000 after buying an additional 400 shares during the period. Nordea Investment Management AB lifted its stake in Tetra Tech by 0.9% in the fourth quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company's stock worth $1,809,000 after acquiring an additional 411 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Tetra Tech by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 8,318 shares of the industrial products company's stock worth $331,000 after acquiring an additional 438 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Tetra Tech by 13.0% in the 4th quarter. Farther Finance Advisors LLC now owns 4,009 shares of the industrial products company's stock valued at $160,000 after purchasing an additional 461 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Tetra Tech by 98.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.