IHT Wealth Management LLC Has $886,000 Stock Position in Tetra Tech, Inc. (NASDAQ:TTEK)

IHT Wealth Management LLC lifted its position in Tetra Tech, Inc. (NASDAQ:TTEK – Get Rating) by 7.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,894 shares of the industrial products company’s stock after purchasing an additional 475 shares during the period. IHT Wealth Management LLC’s holdings in Tetra Tech were worth $886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TTEK. Brown Brothers Harriman & Co. acquired a new position in Tetra Tech during the 2nd quarter valued at $25,000. Private Trust Co. NA raised its stake in Tetra Tech by 64.3% during the 3rd quarter. Private Trust Co. NA now owns 253 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 99 shares during the last quarter. Clear Investment Research LLC acquired a new position in Tetra Tech during the 3rd quarter valued at $39,000. Quantbot Technologies LP bought a new stake in Tetra Tech in the 2nd quarter valued at $39,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in Tetra Tech in the 3rd quarter valued at $40,000. 85.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TTEK has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Tetra Tech in a report on Thursday. They issued a “buy” rating on the stock. Robert W. Baird boosted their price target on shares of Tetra Tech from $155.00 to $164.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd.

Tetra Tech Stock Down 0.7 %

TTEK opened at $139.14 on Friday. The firm’s 50-day simple moving average is $145.08 and its 200-day simple moving average is $142.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.42 and a current ratio of 1.42. Tetra Tech, Inc. has a twelve month low of $118.55 and a twelve month high of $169.95. The firm has a market cap of $7.41 billion, a price-to-earnings ratio of 23.99 and a beta of 0.96.

Tetra Tech (NASDAQ:TTEK – Get Rating) last posted its earnings results on Wednesday, February 1st. The industrial products company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.14. Tetra Tech had a net margin of 8.79% and a return on equity of 20.20%. The business had revenue of $736.56 million for the quarter, compared to analyst estimates of $717.73 million. During the same quarter in the prior year, the firm earned $1.19 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that Tetra Tech, Inc. will post 5.01 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Monday, February 13th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Friday, February 10th. Tetra Tech’s payout ratio is presently 15.86%.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, CFO Steven M. Burdick sold 10,515 shares of the firm’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $151.18, for a total value of $1,589,657.70. Following the completion of the sale, the chief financial officer now owns 39,771 shares in the company, valued at approximately $6,012,579.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tetra Tech news, CFO Steven M. Burdick sold 10,515 shares of the firm’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $151.18, for a total value of $1,589,657.70. Following the completion of the sale, the chief financial officer now owns 39,771 shares in the company, valued at approximately $6,012,579.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kirsten M. Volpi sold 900 shares of the firm’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $145.74, for a total transaction of $131,166.00. Following the completion of the sale, the director now owns 11,563 shares of the company’s stock, valued at approximately $1,685,191.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,215 shares of company stock worth $1,992,786. 0.76% of the stock is currently owned by corporate insiders.

About Tetra Tech

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Tetra Tech, Inc engages in the provision of consulting and engineering services. It operates through the following segments: Government Services Group (GSG), Commercial and International Services Group (CIG), and Remediation and Construction Management (RCM). The GSG segment offers consulting and engineering services primarily to United States government clients such as federal, state and local, and development agencies worldwide.