Tetra Tech, Inc. (NASDAQ:TTEK) EVP Ronald J. Chu sold 42,395 shares of Tetra Tech stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $50.00, for a total value of $2,119,750.00. Following the sale, the executive vice president now owns 58,624 shares of the company’s stock, valued at approximately $2,931,200. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Tetra Tech, Inc. (TTEK) opened at $48.05 on Wednesday. The firm has a market capitalization of $2,709.84, a P/E ratio of 22.77, a P/E/G ratio of 1.56 and a beta of 1.08. Tetra Tech, Inc. has a 12-month low of $38.85 and a 12-month high of $50.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.97.
Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.02. The company had revenue of $533.00 million during the quarter, compared to the consensus estimate of $517.90 million. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. Tetra Tech’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. analysts expect that Tetra Tech, Inc. will post 2.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.10 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. Tetra Tech’s payout ratio is 19.61%.
A number of brokerages have recently issued reports on TTEK. Zacks Investment Research downgraded Tetra Tech from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. Robert W. Baird lifted their price target on Tetra Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Boenning Scattergood reiterated a “buy” rating and set a $54.00 price target on shares of Tetra Tech in a research report on Thursday, November 9th. Stifel Nicolaus reiterated a “hold” rating and set a $47.00 price target on shares of Tetra Tech in a research report on Thursday, September 7th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $52.00 price target on shares of Tetra Tech in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Tetra Tech currently has an average rating of “Hold” and an average target price of $52.29.
Large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. lifted its position in Tetra Tech by 194.9% in the 2nd quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock worth $150,000 after buying an additional 2,167 shares during the last quarter. Strs Ohio lifted its position in Tetra Tech by 45.2% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock worth $205,000 after buying an additional 1,400 shares during the last quarter. Tocqueville Asset Management L.P. bought a new stake in Tetra Tech in the 2nd quarter worth approximately $206,000. Teacher Retirement System of Texas bought a new stake in Tetra Tech in the 2nd quarter worth approximately $210,000. Finally, Everence Capital Management Inc. bought a new stake in Tetra Tech in the 2nd quarter worth approximately $217,000. Institutional investors own 84.32% of the company’s stock.
About Tetra Tech
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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