Insider Selling: Richard A. Lemmon Unloads 14,031 Shares of Tetra Tech Stock (TTEK)
Tetra Tech (NASDAQ:TTEK) SVP Richard A. Lemmon unloaded 14,031 shares of Tetra Tech stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $25.80, for a total transaction of $361,999.80. Following the sale, the senior vice president now directly owns 24,360 shares in the company, valued at approximately $628,488. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Wedbush cut their price target on shares of Tetra Tech from $29.00 to $27.00 in a research note on Tuesday, August 5th. They now have a “neutral” rating on the stock. Separately, analysts at FBR Capital Markets cut their price target on shares of Tetra Tech from $32.00 to $29.00 in a research note on Monday, August 4th. They now have an “outperform” rating on the stock. Finally, analysts at Davidson cut their price target on shares of Tetra Tech from $30.00 to $27.00 in a research note on Monday, August 4th. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Tetra Tech has an average rating of “Hold” and an average target price of $29.22.
Tetra Tech (NASDAQ:TTEK) traded down 0.74% on Tuesday, hitting $25.65. The stock had a trading volume of 305,299 shares. Tetra Tech has a 52-week low of $22.61 and a 52-week high of $30.92. The stock’s 50-day moving average is $26.5 and its 200-day moving average is $27.72. The company has a market cap of $1.648 billion and a price-to-earnings ratio of 15.19.
Tetra Tech (NASDAQ:TTEK) last released its earnings data on Wednesday, July 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.01. The company had revenue of $458.80 million for the quarter, compared to the consensus estimate of $494.62 million. During the same quarter in the previous year, the company posted ($1.21) earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts predict that Tetra Tech will post $1.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, August 13th.
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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