Tetra Tech (NASDAQ:TTEK) Hits New 52-Week High at $179.62

Tetra Tech, Inc. (NASDAQ:TTEKGet Free Report) shares reached a new 52-week high on Monday . The company traded as high as $179.62 and last traded at $178.44, with a volume of 13110 shares. The stock had previously closed at $178.08.

Analyst Ratings Changes

Several equities analysts have commented on TTEK shares. Robert W. Baird boosted their price target on shares of Tetra Tech from $172.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, November 16th. KeyCorp assumed coverage on shares of Tetra Tech in a research report on Wednesday, January 10th. They set an “overweight” rating and a $191.00 price objective for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $197.25.

Get Our Latest Stock Report on Tetra Tech

Tetra Tech Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.25 and a quick ratio of 1.25. The business’s 50 day simple moving average is $165.34 and its 200 day simple moving average is $161.11. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 41.22 and a beta of 0.95.

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

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Tuesday, February 13th. Tetra Tech’s payout ratio is 24.07%.

Insider Activity at Tetra Tech

In related news, CEO Dan L. Batrack sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $161.51, for a total transaction of $3,553,220.00. Following the transaction, the chief executive officer now owns 48,566 shares of the company’s stock, valued at $7,843,894.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Brian N. Carter sold 1,474 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $165.58, for a total value of $244,064.92. Following the completion of the sale, the senior vice president now owns 8,360 shares of the company’s stock, valued at $1,384,248.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dan L. Batrack sold 22,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $161.51, for a total transaction of $3,553,220.00. Following the sale, the chief executive officer now directly owns 48,566 shares of the company’s stock, valued at $7,843,894.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,760 shares of company stock valued at $7,794,178. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. bought a new position in shares of Tetra Tech in the 4th quarter worth about $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Tetra Tech in the second quarter worth approximately $29,000. Principal Securities Inc. purchased a new position in shares of Tetra Tech in the fourth quarter worth approximately $36,000. ST Germain D J Co. Inc. purchased a new position in shares of Tetra Tech in the second quarter worth approximately $38,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Tetra Tech by 305.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 235 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 177 shares during the period. 87.95% 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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