Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $30.13 and last traded at $30.47, with a volume of 79727 shares trading hands. The stock had previously closed at $30.53.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. StockNews.com downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, November 15th. KeyCorp cut their target price on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Maxim Group lowered Tetra Tech from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Robert W. Baird boosted their price objective on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada set a $49.00 target price on Tetra Tech in a research note on Friday, January 31st. Three 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 stock has an average rating of "Moderate Buy" and an average price target of $47.92.
View Our Latest Stock Analysis on Tetra Tech
Tetra Tech Price Performance
The firm has a 50-day simple moving average of $37.27 and a two-hundred day simple moving average of $42.94. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 31.66 and a beta of 0.89.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. As a group, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal 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 paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, February 12th. Tetra Tech's dividend payout ratio (DPR) is 24.21%.
Insider Activity at Tetra Tech
In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the business'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 in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.40% of the company's stock.
Institutional Trading of Tetra Tech
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Novem Group acquired a new position in shares of Tetra Tech in the fourth quarter worth $548,000. Williams Jones Wealth Management LLC. grew its stake in Tetra Tech by 21.0% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 422,227 shares of the industrial products company's stock worth $16,822,000 after purchasing an additional 73,315 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in Tetra Tech during the 4th quarter worth about $1,151,000. Squarepoint Ops LLC purchased a new stake in Tetra Tech during the 4th quarter worth about $7,548,000. Finally, Triglav Skladi D.O.O. acquired a new stake in Tetra Tech in the 4th quarter valued at about $929,000. Hedge funds and other institutional investors own 93.89% of the company's stock.
About Tetra Tech
(
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.
Further Reading
Before you consider Tetra Tech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tetra Tech wasn't on the list.
While Tetra Tech currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
