Tetra Tech, Inc. (NASDAQ:TTEK) EVP Ronald J. Chu sold 42,395 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $50.00, for a total value of $2,119,750.00. Following the transaction, the executive vice president now owns 58,624 shares in the company, valued at $2,931,200. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Tetra Tech, Inc. (NASDAQ:TTEK) opened at $49.20 on Tuesday. Tetra Tech, Inc. has a fifty-two week low of $38.85 and a fifty-two week high of $50.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.94 and a quick ratio of 1.97. The firm has a market capitalization of $2,709.84, a P/E ratio of 22.77, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08.
Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. The business had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $517.90 million. During the same quarter last year, the business posted $0.59 EPS. The business’s revenue was up .4% on a year-over-year basis. sell-side analysts forecast that Tetra Tech, Inc. will post 2.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, November 29th. Tetra Tech’s payout ratio is presently 19.61%.
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Several research firms recently issued reports on TTEK. Robert W. Baird raised their price target on Tetra Tech from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday. Boenning Scattergood reiterated a “buy” rating and issued a $54.00 price objective on shares of Tetra Tech in a report on Thursday, November 9th. Zacks Investment Research cut Tetra Tech from a “hold” rating to a “sell” rating in a report on Friday. Canaccord Genuity reiterated a “buy” rating and issued a $52.00 price objective on shares of Tetra Tech in a report on Friday, August 4th. Finally, Roth Capital set a $52.00 price objective on Tetra Tech and gave the stock a “buy” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Tetra Tech presently has a consensus rating of “Hold” and an average price target of $52.29.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TTEK. Advisor Group Inc. lifted its stake in shares of Tetra Tech by 194.9% in the 2nd quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 2,167 shares during the period. Strs Ohio lifted its stake in shares of Tetra Tech by 45.2% in the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 1,400 shares during the period. Tocqueville Asset Management L.P. purchased a new position in shares of Tetra Tech in the 2nd quarter valued at approximately $206,000. Teacher Retirement System of Texas purchased a new position in shares of Tetra Tech in the 2nd quarter valued at approximately $210,000. Finally, Everence Capital Management Inc. purchased a new position in shares of Tetra Tech in the 2nd quarter valued at approximately $217,000. Institutional investors own 84.32% of the company’s stock.
About Tetra Tech
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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