Leslie L. Shoemaker Sells 78,420 Shares of Tetra Tech, Inc. (NASDAQ:TTEK) Stock

Tetra Tech, Inc. (NASDAQ:TTEK) EVP Leslie L. Shoemaker sold 78,420 shares of Tetra Tech stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $46.11, for a total value of $3,615,946.20. Following the completion of the sale, the executive vice president now directly owns 296,015 shares in the company, valued at approximately $13,649,251.65. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tetra Tech Trading Up 0.4 %

Shares of TTEK stock opened at $46.24 on Friday. The stock has a 50-day moving average of $44.35 and a 200-day moving average of $41.24. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 9.36 and a beta of 0.95. Tetra Tech, Inc. has a 1-year low of $28.67 and a 1-year high of $48.26.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Tetra Tech had a return on equity of 21.50% and a net margin of 5.72%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts forecast that Tetra Tech, Inc. will post 1.25 earnings per share for the current year.

Tetra Tech Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.058 per share. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Thursday, August 15th. Tetra Tech’s dividend payout ratio is currently 4.66%.

Institutional Trading of Tetra Tech

Several institutional investors and hedge funds have recently modified their holdings of TTEK. Victory Capital Management Inc. grew its position in shares of Tetra Tech by 19.8% during the 4th quarter. Victory Capital Management Inc. now owns 11,342 shares of the industrial products company’s stock valued at $1,893,000 after acquiring an additional 1,878 shares during the period. Natixis Advisors L.P. purchased a new stake in Tetra Tech during the fourth quarter valued at about $1,821,000. Charles Schwab Investment Management Inc. boosted its position in Tetra Tech by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 439,007 shares of the industrial products company’s stock worth $73,283,000 after purchasing an additional 15,169 shares during the period. Principal Securities Inc. purchased a new position in shares of Tetra Tech in the fourth quarter worth about $36,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of Tetra Tech by 59.0% during the 4th quarter. Quadrant Capital Group LLC now owns 539 shares of the industrial products company’s stock valued at $90,000 after buying an additional 200 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TTEK has been the topic of a number of analyst reports. StockNews.com upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank of Canada upped their target price on shares of Tetra Tech from $46.60 to $51.80 and gave the company an “outperform” rating in a report on Friday, August 2nd. Robert W. Baird raised their price objective on Tetra Tech from $44.60 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, KeyCorp boosted their target price on Tetra Tech from $46.80 to $49.40 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $49.16.

About Tetra Tech

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.