Brokerages Set Tetra Tech, Inc. (NASDAQ:TTEK) Target Price at $49.32

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $49.32.

TTEK has been the topic of a number of analyst reports. Robert W. Baird increased their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. KeyCorp reduced their price target on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Tetra Tech in a report on Friday, November 15th. Finally, StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Tetra Tech Trading Up 0.1 %

Shares of Tetra Tech stock opened at $39.88 on Tuesday. Tetra Tech has a 52-week low of $31.61 and a 52-week high of $51.20. The stock has a market cap of $10.68 billion, a PE ratio of 32.37 and a beta of 0.89. The firm has a 50-day moving average of $43.18 and a 200-day moving average of $44.36. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.058 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.58%. Tetra Tech’s payout ratio is 18.70%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in shares of Tetra Tech by 279.4% during the 3rd quarter. Principal Financial Group Inc. now owns 754,702 shares of the industrial products company’s stock valued at $35,592,000 after purchasing an additional 555,789 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of Tetra Tech by 393.4% during the third quarter. Retirement Systems of Alabama now owns 390,476 shares of the industrial products company’s stock worth $18,415,000 after buying an additional 311,338 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Tetra Tech during the third quarter worth $2,345,000. Synovus Financial Corp lifted its stake in shares of Tetra Tech by 400.0% in the 3rd quarter. Synovus Financial Corp now owns 7,335 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 5,868 shares during the last quarter. Finally, Tidal Investments LLC boosted its holdings in shares of Tetra Tech by 226.7% during the 3rd quarter. Tidal Investments LLC now owns 11,722 shares of the industrial products company’s stock valued at $553,000 after acquiring an additional 8,134 shares in the last quarter. Institutional investors and hedge funds 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.