Insider Selling: Tetra Tech, Inc. (NASDAQ:TTEK) SVP Sells 3,616 Shares of Stock

Tetra Tech, Inc. (NASDAQ:TTEKGet Rating) SVP Preston Hopson III sold 3,616 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $157.52, for a total transaction of $569,592.32. Following the completion of the sale, the senior vice president now owns 10,395 shares of the company’s stock, valued at approximately $1,637,420.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $153.94 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.26 and a quick ratio of 1.21. The firm has a market cap of $8.26 billion, a P/E ratio of 31.61 and a beta of 0.91. The firm has a 50 day simple moving average of $137.66 and a 200 day simple moving average of $137.05. Tetra Tech, Inc. has a fifty-two week low of $118.55 and a fifty-two week high of $191.15.

Tetra Tech (NASDAQ:TTEKGet Rating) last released its earnings results on Wednesday, November 9th. The industrial products company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. Tetra Tech had a net margin of 7.51% and a return on equity of 20.02%. The firm had revenue of $736.10 million during the quarter, compared to analyst estimates of $712.86 million. During the same quarter in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Sell-side analysts predict that Tetra Tech, Inc. will post 4.84 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Monday, November 21st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, November 18th. Tetra Tech’s dividend payout ratio is presently 18.89%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TTEK shares. StockNews.com upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Wednesday, November 9th. Maxim Group raised their price target on shares of Tetra Tech from $190.00 to $200.00 in a research note on Friday, November 11th.

Institutional Trading of Tetra Tech

Institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. acquired a new stake in Tetra Tech during the 2nd quarter worth $25,000. Private Trust Co. NA boosted its position in shares of Tetra Tech by 64.3% during the third quarter. Private Trust Co. NA now owns 253 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 99 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Tetra Tech by 156.8% during the first quarter. Quadrant Capital Group LLC now owns 208 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 127 shares in the last quarter. Clear Investment Research LLC bought a new position in shares of Tetra Tech during the third quarter worth $39,000. Finally, Quantbot Technologies LP bought a new position in shares of Tetra Tech during the second quarter worth $39,000. Institutional investors and hedge funds own 85.93% of the company’s stock.

Tetra Tech Company Profile

(Get Rating)

Tetra Tech, Inc provides consulting and engineering services worldwide. 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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Insider Buying and Selling by Quarter for Tetra Tech (NASDAQ:TTEK)

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