Insider Selling: Tetra Tech Director Sells 6,100 Shares of Stock (TTEK)
Tetra Tech (NASDAQ:TTEK) Director J Christopher Lewis sold 6,100 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $28.65, for a total value of $174,765.00. Following the sale, the director now directly owns 46,323 shares in the company, valued at approximately $1,327,154. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Tetra Tech in a research note on Friday, February 7th. They now have a $30.00 price target on the stock. Separately, analysts at Robert W. Baird upgraded shares of Tetra Tech from a “neutral” rating to an “outperform” rating in a research note on Friday, January 31st. They now have a $36.00 price target on the stock, up previously from $32.00. Finally, analysts at Brean Capital raised their price target on shares of Tetra Tech from $32.00 to $34.00 in a research note on Thursday, January 30th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $30.45.
Tetra Tech (NASDAQ:TTEK) traded down 0.17% on Friday, hitting $28.69. The stock had a trading volume of 282,448 shares. Tetra Tech has a 52-week low of $22.21 and a 52-week high of $31.49. The stock’s 50-day moving average is $28.69 and its 200-day moving average is $26.40. The company’s market cap is $1.863 billion.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Thursday, January 30th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. The company had revenue of $483.00 million for the quarter, compared to the consensus estimate of $497.89 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, analysts predict that Tetra Tech will post $1.78 earnings per share for the current fiscal year.
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management and technical services focusing on natural resource management, infrastructure, energy and the environment.
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