Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) hit a new 52-week low during mid-day trading on Friday after KeyCorp lowered their price target on the stock from $49.00 to $45.00. KeyCorp currently has an overweight rating on the stock. Tetra Tech traded as low as $31.09 and last traded at $36.57, with a volume of 17490964 shares. The stock had previously closed at $37.67.
A number of other research analysts also recently weighed in on TTEK. Robert W. Baird increased their price objective on shares of Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. StockNews.com downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $52.00 price objective on shares of Tetra Tech in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Tetra Tech currently has an average rating of "Moderate Buy" and an average price target of $48.52.
Read Our Latest Research Report on Tetra Tech
Institutional Trading of Tetra Tech
A number of hedge funds and other institutional investors have recently modified their holdings of TTEK. Allworth Financial LP increased its stake in shares of Tetra Tech by 629.3% in the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock worth $26,000 after purchasing an additional 472 shares in the last quarter. LGT Financial Advisors LLC lifted its holdings in shares of Tetra Tech by 400.0% in the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock worth $26,000 after acquiring an additional 444 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Tetra Tech by 3,261.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock worth $29,000 after acquiring an additional 587 shares during the last quarter. Canton Hathaway LLC lifted its holdings in shares of Tetra Tech by 400.0% in the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock worth $30,000 after acquiring an additional 516 shares during the last quarter. Finally, USA Financial Formulas lifted its holdings in shares of Tetra Tech by 332.3% in the 3rd quarter. USA Financial Formulas now owns 709 shares of the industrial products company's stock worth $33,000 after acquiring an additional 545 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.
Tetra Tech Stock Down 7.0 %
The company's fifty day moving average price is $40.75 and its 200-day moving average price is $44.21. The stock has a market cap of $9.17 billion, a P/E ratio of 35.93 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.29.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. Equities analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.
Tetra Tech Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech's dividend payout ratio (DPR) is 24.16%.
Tetra Tech Company Profile
(
Get Free Report)
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.
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