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

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have earned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $47.92.

A number of brokerages have recently issued reports on TTEK. Royal Bank of Canada set a $49.00 price target on Tetra Tech in a research note on Friday, January 31st. KeyCorp lowered their price objective on Tetra Tech from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, Maxim Group lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th.

Tetra Tech Stock Up 1.5 %

Shares of TTEK opened at $29.12 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. Tetra Tech has a 12 month low of $28.17 and a 12 month high of $51.20. The stock’s 50 day moving average is $34.45 and its two-hundred day moving average is $41.42. The firm has a market cap of $7.81 billion, a P/E ratio of 30.59 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. Analysts predict that Tetra Tech will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.058 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.23 dividend on an annualized basis and a yield of 0.80%. Tetra Tech’s dividend payout ratio is currently 24.21%.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Kirsten M. Volpi sold 10,116 shares of Tetra Tech stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the sale, the director now owns 60,196 shares in the company, valued at $2,066,528.68. The trade was a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Tetra Tech

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Tetra Tech by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 25,912,103 shares of the industrial products company’s stock valued at $1,032,338,000 after buying an additional 127,757 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Tetra Tech by 2.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 14,018,887 shares of the industrial products company’s stock valued at $558,512,000 after buying an additional 381,437 shares during the period. Amundi raised its holdings in shares of Tetra Tech by 2.5% in the 4th quarter. Amundi now owns 4,873,176 shares of the industrial products company’s stock valued at $194,314,000 after buying an additional 117,304 shares during the period. Geode Capital Management LLC raised its holdings in shares of Tetra Tech by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 4,729,696 shares of the industrial products company’s stock valued at $188,487,000 after buying an additional 13,616 shares during the period. Finally, Norges Bank purchased a new stake in shares of Tetra Tech in the 4th quarter valued at $121,390,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

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.