Creekmur Asset Management LLC Invests $38,000 in Tetra Tech, Inc. (NASDAQ:TTEK)

Creekmur Asset Management LLC bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 230 shares of the industrial products company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new stake in Tetra Tech in the fourth quarter worth approximately $26,000. Jones Financial Companies Lllp bought a new stake in Tetra Tech in the fourth quarter valued at approximately $33,000. Principal Securities Inc. bought a new stake in Tetra Tech in the fourth quarter valued at approximately $36,000. SRS Capital Advisors Inc. lifted its position in Tetra Tech by 305.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 235 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 177 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in Tetra Tech in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Leslie L. Shoemaker sold 11,161 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $211.83, for a total value of $2,364,234.63. Following the sale, the executive vice president now directly owns 74,887 shares of the company’s stock, valued at $15,863,313.21. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on TTEK shares. StockNews.com upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Maxim Group upped their target price on Tetra Tech from $234.00 to $268.00 and gave the company a “buy” rating in a report on Thursday, May 16th. KeyCorp upped their target price on Tetra Tech from $231.00 to $234.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Northcoast Research upgraded Tetra Tech from a “neutral” rating to a “buy” rating and set a $225.00 target price for the company in a report on Thursday, May 2nd. Finally, Robert W. Baird upped their target price on Tetra Tech from $200.00 to $223.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus target price of $236.60.

Tetra Tech Price Performance

TTEK opened at $207.66 on Tuesday. The stock has a fifty day simple moving average of $204.52 and a two-hundred day simple moving average of $183.90. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.60. The company has a market cap of $11.11 billion, a price-to-earnings ratio of 42.04 and a beta of 0.98. Tetra Tech, Inc. has a 12-month low of $143.35 and a 12-month high of $221.40.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Tetra Tech had a return on equity of 21.16% and a net margin of 5.36%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 earnings per share. Research analysts predict that Tetra Tech, Inc. will post 6.2 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a $0.29 dividend. This is an increase from Tetra Tech’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.16 dividend on an annualized basis and a yield of 0.56%. Tetra Tech’s dividend payout ratio is 23.48%.

Tetra Tech Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project 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.