Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company 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.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on TTEK. Robert W. Baird lifted their target price on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. Royal Bank of Canada reissued an "outperform" rating and issued a $52.00 target price on shares of Tetra Tech in a research report on Friday, November 15th. KeyCorp lowered their price target on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Maxim Group lowered Tetra Tech from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, StockNews.com lowered Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.52.
Get Our Latest Stock Report on TTEK
Tetra Tech Price Performance
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 50 day moving average price of $37.97 and a 200 day moving average price of $43.26. The company has a market capitalization of $8.02 billion, a P/E ratio of 31.44 and a beta of 0.89.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its 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 return on equity of 22.58% and a net margin of 4.81%. On average, equities analysts predict that Tetra Tech, Inc. will post 1.37 EPS 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. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.78%. Tetra Tech's dividend payout ratio is currently 24.16%.
Insider Transactions at Tetra Tech
In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was 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 $2,066,528.68. This represents a 14.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
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 Tetra Tech in the 4th quarter valued at $548,000. Williams Jones Wealth Management LLC. grew its holdings in Tetra Tech by 21.0% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 422,227 shares of the industrial products company's stock valued at $16,822,000 after buying an additional 73,315 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Tetra Tech during the 4th quarter worth $1,151,000. Squarepoint Ops LLC acquired a new stake in shares of Tetra Tech during the 4th quarter worth $7,548,000. Finally, Triglav Skladi D.O.O. acquired a new stake in shares of Tetra Tech during the 4th quarter worth $929,000. 93.89% of the stock is owned by institutional investors and hedge funds.
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.
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