Tetra Tech, Inc. (NASDAQ:TTEK) Given Average Rating of “Moderate Buy” by Analysts

Tetra Tech, Inc. (NASDAQ:TTEK) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $48.52.

A number of brokerages have recently commented on TTEK. Robert W. Baird boosted their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Maxim Group cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Friday, November 15th. KeyCorp dropped their price target on shares of Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

Tetra Tech Trading Down 0.2 %

TTEK stock opened at $30.53 on Wednesday. The company has a market capitalization of $8.18 billion, a PE ratio of 32.07 and a beta of 0.89. Tetra Tech has a one year low of $30.42 and a one year high of $51.20. The company’s 50 day moving average price is $38.68 and its two-hundred day moving average price is $43.54. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.25 and a current ratio of 1.29.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. As a group, analysts predict that Tetra Tech will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Wednesday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is 24.16%.

Insiders Place Their Bets

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the transaction, the director now owns 60,196 shares of the company’s stock, valued at approximately $2,066,528.68. The trade was a 14.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Tetra Tech

Several hedge funds and other institutional investors have recently made changes to their positions in TTEK. CWM LLC increased its position in shares of Tetra Tech by 364.8% during the 3rd quarter. CWM LLC now owns 1,413 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 1,109 shares during the last quarter. Creative Planning increased its position in shares of Tetra Tech by 259.9% during the 3rd quarter. Creative Planning now owns 64,738 shares of the industrial products company’s stock valued at $3,053,000 after purchasing an additional 46,749 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Tetra Tech by 449.0% during the 3rd quarter. Global Retirement Partners LLC now owns 8,082 shares of the industrial products company’s stock valued at $381,000 after purchasing an additional 6,610 shares during the last quarter. Raymond James & Associates increased its position in shares of Tetra Tech by 529.3% during the 3rd quarter. Raymond James & Associates now owns 187,676 shares of the industrial products company’s stock valued at $8,851,000 after purchasing an additional 157,855 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in Tetra Tech by 411.0% in the 3rd quarter. Whittier Trust Co. now owns 34,915 shares of the industrial products company’s stock worth $1,646,000 after acquiring an additional 28,082 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

About Tetra Tech

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.