TTEK has been the topic of a number of other reports. Maxim Group boosted their price target on Tetra Tech from $92.00 to $104.00 and gave the stock a buy rating in a research report on Thursday, November 14th. Cfra cut Tetra Tech from a buy rating to a hold rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $86.00.
Shares of TTEK opened at $98.12 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average price is $88.93 and its 200-day moving average price is $85.41. Tetra Tech has a 52 week low of $57.25 and a 52 week high of $98.62. The stock has a market cap of $5.22 billion, a P/E ratio of 33.37, a P/E/G ratio of 1.76 and a beta of 0.98.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. Tetra Tech had a return on equity of 18.34% and a net margin of 5.14%. The firm had revenue of $614.02 million for the quarter, compared to analysts’ expectations of $615.07 million. During the same period in the previous year, the firm posted $0.70 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities analysts anticipate that Tetra Tech will post 3.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 12th will be given a $0.15 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $0.60 annualized dividend and a yield of 0.61%. Tetra Tech’s dividend payout ratio (DPR) is presently 18.93%.
In related news, SVP Roger R. Argus sold 2,436 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $86.46, for a total value of $210,616.56. Following the transaction, the senior vice president now directly owns 3,886 shares of the company’s stock, valued at approximately $335,983.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Craig L. Christensen sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $87.01, for a total value of $435,050.00. Following the completion of the transaction, the senior vice president now directly owns 37,929 shares in the company, valued at $3,300,202.29. The disclosure for this sale can be found here. Insiders sold a total of 140,434 shares of company stock worth $12,837,813 over the last ninety days. 1.97% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. New Mexico Educational Retirement Board bought a new position in Tetra Tech in the 3rd quarter valued at approximately $833,000. Millennium Management LLC lifted its holdings in shares of Tetra Tech by 152.2% during the 3rd quarter. Millennium Management LLC now owns 99,378 shares of the industrial products company’s stock valued at $8,622,000 after buying an additional 59,978 shares during the period. Pictet Asset Management Ltd. lifted its holdings in shares of Tetra Tech by 61.9% during the 3rd quarter. Pictet Asset Management Ltd. now owns 407,267 shares of the industrial products company’s stock valued at $35,334,000 after buying an additional 155,727 shares during the period. Arabesque Asset Management Ltd bought a new position in shares of Tetra Tech during the 3rd quarter valued at $2,246,000. Finally, State Street Corp lifted its holdings in shares of Tetra Tech by 7.5% during the 3rd quarter. State Street Corp now owns 1,740,929 shares of the industrial products company’s stock valued at $151,043,000 after buying an additional 120,840 shares during the period. 83.82% of the stock is currently owned by institutional investors and hedge funds.
Tetra Tech Company Profile
Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.
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