Mutual of America Capital Management LLC Has $4.04 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Mutual of America Capital Management LLC cut its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,953 shares of the industrial products company’s stock after selling 3,466 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of Tetra Tech worth $4,035,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Chilton Capital Management LLC bought a new position in Tetra Tech during the first quarter worth about $25,000. Caption Management LLC bought a new position in Tetra Tech during the fourth quarter worth about $40,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Tetra Tech by 734.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 1,483 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Tetra Tech during the fourth quarter worth about $61,000. Finally, UMB Bank n.a. lifted its holdings in Tetra Tech by 114.6% during the first quarter. UMB Bank n.a. now owns 2,891 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 1,544 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTEK has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on Tetra Tech from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, KeyCorp boosted their price target on Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $36.87 on Friday. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 46.09 and a beta of 0.92. The stock’s 50-day moving average is $36.43 and its 200-day moving average is $33.44. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.10.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 earnings per share. Equities analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.7%. The ex-dividend date is Friday, August 15th. Tetra Tech’s dividend payout ratio is presently 32.50%.

Tetra Tech 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.