Thrivent Financial for Lutherans Has $2.99 Million Position in Tetra Tech, Inc. (NASDAQ:TTEK)

Thrivent Financial for Lutherans lifted its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 386.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,336 shares of the industrial products company's stock after purchasing an additional 50,311 shares during the quarter. Thrivent Financial for Lutherans' holdings in Tetra Tech were worth $2,987,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP lifted its stake in 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 acquiring an additional 472 shares during the last quarter. LGT Financial Advisors LLC raised its stake in shares of Tetra Tech by 400.0% during the third quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company's stock worth $26,000 after purchasing an additional 444 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Tetra Tech in the 2nd quarter worth $28,000. Venturi Wealth Management LLC boosted its holdings in 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 valued at $29,000 after purchasing an additional 587 shares in the last quarter. Finally, USA Financial Formulas grew its holdings in Tetra Tech by 332.3% during the third 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 period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tetra Tech

In related news, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total value of $302,120.00. Following the sale, the director now directly owns 143,200 shares in the company, valued at $6,655,936. This trade represents a 4.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven M. Burdick sold 36,830 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total value of $1,715,173.10. Following the completion of the transaction, the chief financial officer now directly owns 112,620 shares of the company's stock, valued at approximately $5,244,713.40. The trade was a 24.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,750 shares of company stock worth $5,633,239. 0.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TTEK shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $52.00 price objective on shares of Tetra Tech in a report on Friday, November 15th. Robert W. Baird upped their target price on Tetra Tech from $46.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. StockNews.com downgraded Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Finally, KeyCorp decreased their target price on shares of Tetra Tech from $56.00 to $49.00 and set an "overweight" rating on the stock in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Tetra Tech currently has an average rating of "Moderate Buy" and a consensus price target of $49.32.

Tetra Tech Trading Down 0.3 %

Shares of Tetra Tech stock traded down $0.11 during trading hours on Wednesday, reaching $41.47. The stock had a trading volume of 1,690,705 shares, compared to its average volume of 1,506,534. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. Tetra Tech, Inc. has a 1 year low of $30.92 and a 1 year high of $51.20. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 33.80 and a beta of 0.94. The firm has a 50 day simple moving average of $46.86 and a two-hundred day simple moving average of $44.61.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, November 27th. Tetra Tech's dividend payout ratio is presently 18.67%.

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.