Tetra Tech, Inc. (NASDAQ:TTEK) Director Hugh M. Grant sold 8,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $48.00, for a total value of $384,000.00. Following the completion of the transaction, the director now owns 25,621 shares of the company’s stock, valued at $1,229,808. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Tetra Tech, Inc. (NASDAQ:TTEK) traded up $0.60 on Tuesday, reaching $48.85. The company’s stock had a trading volume of 292,061 shares, compared to its average volume of 255,064. The firm has a market cap of $2,694.80, a P/E ratio of 20.44, a PEG ratio of 1.40 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.25 and a quick ratio of 2.25. Tetra Tech, Inc. has a 52 week low of $38.85 and a 52 week high of $53.40.
Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.12. The business had revenue of $544.85 million during the quarter, compared to the consensus estimate of $510.22 million. Tetra Tech had a return on equity of 14.26% and a net margin of 4.83%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 EPS. research analysts anticipate that Tetra Tech, Inc. will post 2.55 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, February 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.82%. Tetra Tech’s payout ratio is 16.74%.
Several research analysts have weighed in on TTEK shares. BidaskClub downgraded Tetra Tech from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 9th. ValuEngine downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Zacks Investment Research downgraded Tetra Tech from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Boenning Scattergood reiterated a “buy” rating and issued a $54.00 price target on shares of Tetra Tech in a report on Thursday, November 9th. Finally, Robert W. Baird boosted their price target on Tetra Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $54.57.
Several hedge funds have recently added to or reduced their stakes in TTEK. Prime Capital Investment Advisors LLC acquired a new stake in shares of Tetra Tech during the 4th quarter worth $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Tetra Tech by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,054 shares of the industrial products company’s stock worth $147,000 after buying an additional 1,019 shares during the last quarter. Advisor Group Inc. increased its holdings in shares of Tetra Tech by 194.9% during 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. We Are One Seven LLC acquired a new stake in shares of Tetra Tech during the 4th quarter worth $184,000. Finally, Global X Management Co. LLC increased its holdings in shares of Tetra Tech by 75.2% during the 4th quarter. Global X Management Co. LLC now owns 3,985 shares of the industrial products company’s stock worth $192,000 after buying an additional 1,710 shares during the last quarter. Institutional investors and hedge funds own 82.60% of the company’s stock.
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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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