Tetra Tech (NASDAQ:TTEK) Share Price Passes Above 200 Day Moving Average of $204.35

Tetra Tech, Inc. (NASDAQ:TTEK)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $204.35 and traded as high as $233.23. Tetra Tech shares last traded at $233.23, with a volume of 170,820 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Maxim Group upped their price target on shares of Tetra Tech from $234.00 to $268.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Royal Bank of Canada upped their target price on shares of Tetra Tech from $233.00 to $259.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Robert W. Baird lifted their price target on Tetra Tech from $223.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. KeyCorp upped their price objective on Tetra Tech from $234.00 to $247.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, StockNews.com raised Tetra Tech from a “hold” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Tetra Tech has a consensus rating of “Moderate Buy” and an average target price of $245.80.

Tetra Tech Trading Down 0.0 %

The business has a fifty day moving average price of $218.85 and a 200-day moving average price of $204.35. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.52. The company has a market cap of $12.48 billion, a P/E ratio of 47.21 and a beta of 0.93.

Tetra Tech shares are scheduled to split on Monday, September 9th. The 5-1 split was announced on Wednesday, July 31st. The newly minted shares will be issued to shareholders after the market closes on Friday, September 6th.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.05. Tetra Tech had a return on equity of 21.50% and a net margin of 5.72%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business earned $1.29 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts forecast that Tetra Tech, Inc. will post 6.24 earnings per share for the current year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.50%. Tetra Tech’s payout ratio is presently 23.48%.

Insider Activity

In related news, SVP Preston Hopson III sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $233.07, for a total transaction of $1,165,350.00. Following the sale, the senior vice president now owns 8,742 shares of the company’s stock, valued at $2,037,497.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Tetra Tech news, SVP Preston Hopson III sold 5,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $233.07, for a total transaction of $1,165,350.00. Following the sale, the senior vice president now directly owns 8,742 shares in the company, valued at $2,037,497.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dan L. Batrack sold 17,924 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $227.72, for a total transaction of $4,081,653.28. Following the completion of the transaction, the chief executive officer now owns 24,877 shares of the company’s stock, valued at $5,664,990.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,085 shares of company stock worth $7,611,238. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TTEK. Jump Financial LLC raised its holdings in shares of Tetra Tech by 743.1% during the 4th quarter. Jump Financial LLC now owns 22,232 shares of the industrial products company’s stock worth $3,711,000 after buying an additional 19,595 shares in the last quarter. Natixis Advisors L.P. acquired a new position in Tetra Tech during the fourth quarter worth about $1,821,000. Nwam LLC acquired a new stake in shares of Tetra Tech in the 1st quarter valued at approximately $1,123,000. Sarasin & Partners LLP grew its holdings in shares of Tetra Tech by 2.6% during the 1st quarter. Sarasin & Partners LLP now owns 1,253,981 shares of the industrial products company’s stock valued at $231,623,000 after purchasing an additional 32,053 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in Tetra Tech by 88.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,384 shares of the industrial products company’s stock worth $2,288,000 after purchasing an additional 5,819 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Company Profile

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.