J Kenneth Thompson Sells 8,400 Shares of Tetra Tech, Inc. (NASDAQ:TTEK) Stock

Tetra Tech, Inc. (NASDAQ:TTEKGet Free Report) Director J Kenneth Thompson sold 8,400 shares of Tetra Tech stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the sale, the director now directly owns 14,485 shares of the company’s stock, valued at approximately $2,390,025. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Tetra Tech Trading Down 0.2 %

Shares of NASDAQ:TTEK opened at $174.03 on Friday. Tetra Tech, Inc. has a 12-month low of $131.19 and a 12-month high of $176.34. The company has a market capitalization of $9.26 billion, a PE ratio of 40.28 and a beta of 0.95. The business has a 50 day moving average of $165.03 and a two-hundred day moving average of $161.18. The company has a current ratio of 1.25, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61.

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

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders 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 0.60%. The ex-dividend date of this dividend is Tuesday, February 13th. Tetra Tech’s payout ratio is 24.07%.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on Tetra Tech

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Tetra Tech by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 5,303,607 shares of the industrial products company’s stock worth $874,777,000 after buying an additional 61,906 shares during the period. State Street Corp raised its stake in shares of Tetra Tech by 1.9% during the 1st quarter. State Street Corp now owns 1,707,196 shares of the industrial products company’s stock worth $281,585,000 after buying an additional 31,942 shares during the period. Sarasin & Partners LLP raised its stake in shares of Tetra Tech by 18.3% during the 4th quarter. Sarasin & Partners LLP now owns 1,221,928 shares of the industrial products company’s stock worth $203,976,000 after buying an additional 189,049 shares during the period. abrdn plc raised its stake in shares of Tetra Tech by 16.5% during the 2nd quarter. abrdn plc now owns 945,428 shares of the industrial products company’s stock worth $154,804,000 after buying an additional 133,793 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Tetra Tech by 7.5% during the 1st quarter. Invesco Ltd. now owns 917,617 shares of the industrial products company’s stock worth $151,353,000 after buying an additional 64,168 shares during the period. 87.95% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Company Profile

(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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