Tetra Tech, Inc. (NASDAQ:TTEK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Tetra Tech, Inc. (NASDAQ:TTEKGet Free Report) have received a consensus recommendation of “Moderate Buy” from the four ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $197.25.

A number of research analysts recently issued reports on TTEK shares. Royal Bank of Canada lifted their price objective on shares of Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. KeyCorp initiated coverage on Tetra Tech in a research note on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 price target on the stock.

Check Out Our Latest Stock Report on Tetra Tech

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $184.71 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.25. Tetra Tech has a fifty-two week low of $132.29 and a fifty-two week high of $190.14. The company has a market cap of $9.88 billion, a price-to-earnings ratio of 42.76 and a beta of 0.96. The stock has a fifty day moving average price of $176.00 and a 200-day moving average price of $165.57.

Tetra Tech (NASDAQ:TTEKGet Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $974.00 million. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. During the same period in the prior year, the company posted $1.34 earnings per share. As a group, equities analysts anticipate that Tetra Tech will post 6.07 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Wednesday, February 14th were given a $0.26 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $1.04 dividend on an annualized basis and a yield of 0.56%. Tetra Tech’s dividend payout ratio is currently 24.07%.

Insider Transactions at Tetra Tech

In related news, Director J Kenneth Thompson sold 8,400 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the sale, the director now owns 14,485 shares of the company’s stock, valued at approximately $2,390,025. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Brian N. Carter sold 5,580 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $176.52, for a total transaction of $984,981.60. Following the completion of the transaction, the senior vice president now owns 8,360 shares of the company’s stock, valued at $1,475,707.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Kenneth Thompson sold 8,400 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.00, for a total transaction of $1,386,000.00. Following the completion of the sale, the director now directly owns 14,485 shares in the company, valued at approximately $2,390,025. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,123 shares of company stock worth $5,487,673. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TTEK. Contravisory Investment Management Inc. bought a new position in shares of Tetra Tech during the fourth quarter worth about $26,000. Jones Financial Companies Lllp acquired a new position in shares of Tetra Tech in the 4th quarter worth approximately $33,000. Principal Securities Inc. bought a new stake in shares of Tetra Tech in the 4th quarter valued at $36,000. ST Germain D J Co. Inc. acquired a new stake in shares of Tetra Tech during the second quarter worth $38,000. Finally, Creekmur Asset Management LLC bought a new position in Tetra Tech during the fourth quarter worth $38,000. 93.89% of the stock is owned by institutional investors and hedge funds.

About Tetra Tech

(Get Free Report

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.

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