Tetra Tech, Inc. (NASDAQ:TTEK) SVP Roger R. Argus sold 1,138 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $49.63, for a total value of $56,478.94. Following the completion of the sale, the senior vice president now owns 6,948 shares of the company’s stock, valued at approximately $344,829.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Tetra Tech, Inc. (NASDAQ TTEK) opened at $50.70 on Friday. The company has a market cap of $2,825.16, a P/E ratio of 23.80, a P/E/G ratio of 1.62 and a beta of 1.08. Tetra Tech, Inc. has a 12 month low of $38.85 and a 12 month high of $50.75. The company has a quick ratio of 1.97, a current ratio of 1.94 and a debt-to-equity ratio of 0.37.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 4.28% and a return on equity of 13.60%. Tetra Tech’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. analysts forecast that Tetra Tech, Inc. will post 2.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Wednesday, November 29th. Tetra Tech’s dividend payout ratio (DPR) is 19.61%.
A number of analysts recently issued reports on TTEK shares. Roth Capital set a $52.00 price target on Tetra Tech and gave the company a “buy” rating in a report on Wednesday, August 2nd. BidaskClub lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Canaccord Genuity reiterated a “buy” rating and issued a $52.00 price target on shares of Tetra Tech in a report on Friday, August 4th. Boenning Scattergood reiterated an “outperform” rating on shares of Tetra Tech in a report on Tuesday, September 5th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $47.00 price target on shares of Tetra Tech in a report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $52.29.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Tetra Tech by 0.5% in the second quarter. Vanguard Group Inc. now owns 5,236,842 shares of the industrial products company’s stock worth $239,585,000 after buying an additional 23,972 shares in the last quarter. State Street Corp raised its stake in Tetra Tech by 5.2% in the second quarter. State Street Corp now owns 1,502,537 shares of the industrial products company’s stock worth $68,741,000 after buying an additional 74,476 shares in the last quarter. Rice Hall James & Associates LLC raised its stake in Tetra Tech by 12.0% in the second quarter. Rice Hall James & Associates LLC now owns 1,256,181 shares of the industrial products company’s stock worth $57,470,000 after buying an additional 134,770 shares in the last quarter. Northern Trust Corp increased its position in shares of Tetra Tech by 2.2% during the second quarter. Northern Trust Corp now owns 1,075,476 shares of the industrial products company’s stock worth $49,203,000 after purchasing an additional 23,510 shares in the last quarter. Finally, Boston Partners increased its position in shares of Tetra Tech by 2.2% during the third quarter. Boston Partners now owns 1,033,492 shares of the industrial products company’s stock worth $48,109,000 after purchasing an additional 22,718 shares in the last quarter. 85.84% of the stock is owned by institutional investors.
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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