Tetra Tech, Inc. (NASDAQ:TTEK) CFO Sells $1,176,191.28 in Stock

Tetra Tech, Inc. (NASDAQ:TTEKGet Free Report) CFO Steven M. Burdick sold 7,128 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $165.01, for a total value of $1,176,191.28. Following the sale, the chief financial officer now owns 37,405 shares of the company’s stock, valued at approximately $6,172,199.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tetra Tech Trading Up 2.3 %

NASDAQ TTEK opened at $178.08 on Friday. The stock has a 50-day simple moving average of $165.34 and a 200 day simple moving average of $161.24. The company has a market capitalization of $9.47 billion, a PE ratio of 41.22 and a beta of 0.95. 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, Inc. has a 12 month low of $131.19 and a 12 month high of $178.65.

Tetra Tech (NASDAQ:TTEKGet Free Report) last posted its 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 firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $974.00 million. During the same period in the previous year, the firm earned $1.34 earnings per share. Research 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. Shareholders of record on Wednesday, February 14th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $1.04 dividend on an annualized basis and a yield of 0.58%. Tetra Tech’s payout ratio is 24.07%.

Wall Street Analyst Weigh In

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

View Our Latest Report on Tetra Tech

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Tetra Tech by 1.2% in the first quarter. Vanguard Group Inc. now owns 5,303,607 shares of the industrial products company’s stock valued at $874,777,000 after acquiring an additional 61,906 shares during the period. State Street Corp boosted its position in shares of Tetra Tech by 1.9% during the first 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 boosted its position in shares of Tetra Tech by 18.3% during the fourth 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 boosted its position in shares of Tetra Tech by 16.5% during the second 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. boosted its position in shares of Tetra Tech by 7.5% during the first 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.

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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