Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $46.25.
Several equities research analysts recently weighed in on the stock. Robert W. Baird assumed coverage on shares of Tetra Tech in a research note on Wednesday, February 1st. They issued a “hold” rating and a $46.00 target price for the company. Canaccord Genuity reiterated a “buy” rating and issued a $50.00 target price on shares of Tetra Tech in a research note on Thursday, March 23rd. Zacks Investment Research cut shares of Tetra Tech from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Stifel Nicolaus increased their target price on shares of Tetra Tech to $45.00 and gave the company a “hold” rating in a research note on Monday, February 6th. Finally, Roth Capital began coverage on shares of Tetra Tech in a research note on Wednesday, January 25th. They issued a “buy” rating and a $49.00 target price for the company.
In other news, Chairman Dan L. Batrack sold 150,000 shares of Tetra Tech stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $46.00, for a total value of $6,900,000.00. Following the completion of the transaction, the chairman now owns 363,011 shares in the company, valued at $16,698,506. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ronald J. Chu sold 32,951 shares of Tetra Tech stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $46.00, for a total transaction of $1,515,746.00. The disclosure for this sale can be found here. Insiders sold 313,579 shares of company stock valued at $14,187,255 in the last quarter. 4.00% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of TTEK. Tyers Asset Management LLC bought a new stake in shares of Tetra Tech during the fourth quarter worth $146,000. Flinton Capital Management LLC bought a new stake in shares of Tetra Tech during the fourth quarter worth $178,000. Intellectus Partners LLC bought a new stake in shares of Tetra Tech during the fourth quarter worth $181,000. LS Investment Advisors LLC raised its stake in shares of Tetra Tech by 117.6% in the first quarter. LS Investment Advisors LLC now owns 4,872 shares of the industrial products company’s stock worth $199,000 after buying an additional 2,633 shares in the last quarter. Finally, Covington Capital Management bought a new stake in shares of Tetra Tech during the third quarter worth $207,000. Institutional investors own 86.14% of the company’s stock.
Shares of Tetra Tech (NASDAQ:TTEK) traded up 2.11% on Monday, hitting $46.00. The company’s stock had a trading volume of 341,049 shares. The firm has a market cap of $2.64 billion, a PE ratio of 30.89 and a beta of 1.11. The company has a 50 day moving average of $41.71 and a 200 day moving average of $41.57. Tetra Tech has a 1-year low of $28.01 and a 1-year high of $46.90.
Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, May 3rd. The industrial products company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Tetra Tech had a net margin of 3.24% and a return on equity of 13.28%. The business earned $511.95 million during the quarter, compared to analysts’ expectations of $491.60 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that Tetra Tech will post $2.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Thursday, May 18th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Tetra Tech’s previous quarterly dividend of $0.09. Tetra Tech’s payout ratio is 24.16%.
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.