IHT Wealth Management LLC Increases Position in Tetra Tech, Inc. (NASDAQ:TTEK)

IHT Wealth Management LLC lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Get Rating) by 7.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,894 shares of the industrial products company’s stock after buying an additional 475 shares during the period. IHT Wealth Management LLC’s holdings in Tetra Tech were worth $886,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new position in Tetra Tech during the second quarter worth approximately $25,000. Private Trust Co. NA raised its stake in Tetra Tech by 64.3% during the third quarter. Private Trust Co. NA now owns 253 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 99 shares during the period. Clear Investment Research LLC purchased a new position in Tetra Tech during the third quarter worth approximately $39,000. Quantbot Technologies LP purchased a new position in Tetra Tech during the second quarter worth approximately $39,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in Tetra Tech during the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 85.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TTEK shares. StockNews.com started coverage on shares of Tetra Tech in a research note on Thursday. They set a “buy” rating on the stock. Robert W. Baird raised their price target on shares of Tetra Tech from $155.00 to $164.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd.

Insider Activity

In other news, Director Kirsten M. Volpi sold 900 shares of Tetra Tech stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $145.74, for a total value of $131,166.00. Following the completion of the transaction, the director now directly owns 11,563 shares of the company’s stock, valued at approximately $1,685,191.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Steven M. Burdick sold 10,515 shares of Tetra Tech stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $151.18, for a total value of $1,589,657.70. Following the sale, the chief financial officer now directly owns 39,771 shares in the company, valued at approximately $6,012,579.78. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kirsten M. Volpi sold 900 shares of Tetra Tech stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $145.74, for a total transaction of $131,166.00. Following the completion of the sale, the director now owns 11,563 shares in the company, valued at $1,685,191.62. The disclosure for this sale can be found here. In the last three months, insiders sold 13,215 shares of company stock valued at $1,992,786. Company insiders own 0.76% of the company’s stock.

Tetra Tech Price Performance

Shares of TTEK stock opened at $139.14 on Friday. The firm has a market cap of $7.41 billion, a P/E ratio of 23.99 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 1.42. Tetra Tech, Inc. has a 1-year low of $118.55 and a 1-year high of $169.95. The firm has a fifty day moving average of $145.08 and a two-hundred day moving average of $142.69.

Tetra Tech (NASDAQ:TTEK – Get Rating) last posted its quarterly earnings results on Wednesday, February 1st. The industrial products company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.20 by $0.14. Tetra Tech had a net margin of 8.79% and a return on equity of 20.20%. The business had revenue of $736.56 million during the quarter, compared to analyst estimates of $717.73 million. During the same period in the previous year, the business posted $1.19 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, research analysts anticipate that Tetra Tech, Inc. will post 5.01 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Monday, February 13th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, February 10th. Tetra Tech’s dividend payout ratio (DPR) is presently 15.86%.

Tetra Tech Company Profile

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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.