Tetra Tech, Inc. (NASDAQ:TTEK) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $52.50.
Several research firms have recently commented on TTEK. Robert W. Baird increased their target price on Tetra Tech from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Boenning Scattergood restated a “buy” rating and set a $54.00 price objective on shares of Tetra Tech in a research note on Thursday, November 9th. Canaccord Genuity restated a “buy” rating and set a $52.00 price objective on shares of Tetra Tech in a research note on Friday, August 4th. Zacks Investment Research upgraded Tetra Tech from a “sell” rating to a “hold” rating in a research note on Friday, October 6th. Finally, Roth Capital set a $52.00 price objective on Tetra Tech and gave the stock a “buy” rating in a research note on Wednesday, August 2nd.
In other Tetra Tech news, insider Ronald J. Chu sold 14,112 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $50.00, for a total value of $705,600.00. Following the sale, the insider now directly owns 51,216 shares in the company, valued at $2,560,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ronald J. Chu sold 42,395 shares of the firm’s stock in a transaction on 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 completion of the sale, the executive vice president now owns 58,624 shares in the company, valued at $2,931,200. The disclosure for this sale can be found here. Insiders have sold 57,203 shares of company stock worth $2,860,150 over the last 90 days. 4.00% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Advisor Group Inc. lifted its stake in Tetra Tech by 194.9% in the second quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock valued at $150,000 after buying an additional 2,167 shares during the last quarter. Strs Ohio lifted its stake in Tetra Tech by 45.2% in the second quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $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 second quarter valued at $206,000. Teacher Retirement System of Texas bought a new stake in Tetra Tech in the second quarter valued at $210,000. Finally, Everence Capital Management Inc. bought a new stake in Tetra Tech in the second quarter valued at $217,000. Institutional investors own 85.84% of the company’s stock.
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Tetra Tech (TTEK) traded up $1.45 during trading on Friday, hitting $50.00. The stock had a trading volume of 343,000 shares, compared to its average volume of 345,227. The stock has a market cap of $2,705.33, a PE ratio of 22.79, a P/E/G ratio of 1.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.94. Tetra Tech has a 12 month low of $38.85 and a 12 month high of $50.15.
Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $517.90 million. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. equities analysts forecast that Tetra Tech will post 2.32 EPS for the current year.
The company 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.80%. The ex-dividend date is Wednesday, November 29th. Tetra Tech’s dividend payout ratio (DPR) is presently 19.61%.
Tetra Tech Company Profile
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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