Tetra Tech, Inc. (NASDAQ:TTEK) Director Patrick C. Haden sold 410 shares of the business’s stock in a transaction that occurred on Tuesday, November 23rd. The stock was sold at an average price of $186.03, for a total transaction of $76,272.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ:TTEK opened at $190.00 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.20. Tetra Tech, Inc. has a 12 month low of $113.14 and a 12 month high of $192.91. The company has a market cap of $10.27 billion, a PE ratio of 53.37, a price-to-earnings-growth ratio of 2.98 and a beta of 0.86. The company has a 50 day simple moving average of $165.87 and a two-hundred day simple moving average of $142.07.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, November 17th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. Tetra Tech had a net margin of 6.33% and a return on equity of 17.81%. The firm had revenue of $709.13 million during the quarter, compared to the consensus estimate of $674.37 million. During the same quarter in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. Research analysts forecast that Tetra Tech, Inc. will post 3.74 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 20th. Stockholders of record on Thursday, December 2nd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Wednesday, December 1st. Tetra Tech’s payout ratio is 22.47%.
Hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC bought a new stake in shares of Tetra Tech during the 2nd quarter valued at $35,000. KB Financial Partners LLC purchased a new position in shares of Tetra Tech during the 1st quarter valued at $37,000. First Horizon Advisors Inc. lifted its stake in shares of Tetra Tech by 355.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 569 shares of the industrial products company’s stock valued at $56,000 after buying an additional 444 shares in the last quarter. Maverick Capital Ltd. purchased a new position in shares of Tetra Tech during the 2nd quarter valued at $62,000. Finally, Fifth Third Bancorp lifted its stake in shares of Tetra Tech by 59.2% during the 3rd quarter. Fifth Third Bancorp now owns 441 shares of the industrial products company’s stock valued at $66,000 after buying an additional 164 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on TTEK. Stifel Nicolaus boosted their price objective on shares of Tetra Tech from $145.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 18th. Zacks Investment Research raised shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $189.00 target price for the company in a research report on Monday, November 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $165.80.
About Tetra Tech
Tetra Tech, Inc engages in the provision of consulting and engineering services. It operates through the following segments: Government Services Group (GSG); Commercial and International Services Group (CIG); and Remediation and Construction Management (RCM). The GSG segment offers consulting and engineering services primarily to United States government clients such as federal, state and local, and development agencies worldwide.
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