Tetra Tech (NASDAQ:TTEK) Shares Gap Down - Time to Sell?

Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $37.67, but opened at $36.09. Tetra Tech shares last traded at $31.78, with a volume of 1,272,446 shares trading hands.

Analyst Upgrades and Downgrades

TTEK has been the subject of a number of research reports. Robert W. Baird raised their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. KeyCorp reduced their price objective on Tetra Tech from $49.00 to $45.00 and set an "overweight" rating for the company in a report on Friday. StockNews.com lowered Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.52.

Tetra Tech Stock Down 7.0 %

The company has a quick ratio of 1.25, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $9.17 billion, a P/E ratio of 35.93 and a beta of 0.89. The firm has a 50 day simple moving average of $40.75 and a two-hundred day simple moving average of $44.21.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, topping 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 research analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.68%. Tetra Tech's payout ratio is presently 24.16%.

Institutional Investors Weigh In On Tetra Tech

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised its position in Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company's stock worth $26,000 after purchasing an additional 472 shares during the last quarter. LGT Financial Advisors LLC lifted its stake in shares of Tetra Tech by 400.0% in the third 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 period. Venturi Wealth Management LLC boosted its holdings in Tetra Tech by 3,261.1% in the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 587 shares during the last quarter. Canton Hathaway LLC increased its position in Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 516 shares during the period. Finally, Banque Cantonale Vaudoise raised its holdings in Tetra Tech by 400.0% during the 3rd quarter. Banque Cantonale Vaudoise now owns 695 shares of the industrial products company's stock worth $33,000 after purchasing an additional 556 shares during the last quarter. 93.89% of the stock is owned by institutional investors.

About Tetra Tech

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.