Tetra Tech SVP Sells $405,929 in Stock (TTEK)
Tetra Tech (NASDAQ:TTEK) SVP Richard A. Lemmon unloaded 15,752 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $25.77, for a total value of $405,929.04. Following the completion of the transaction, the senior vice president now directly owns 24,360 shares in the company, valued at approximately $627,757. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
TTEK has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Tetra Tech presently has a consensus rating of “Hold” and an average price target of $29.22.
Shares of Tetra Tech (NASDAQ:TTEK) opened at 25.63 on Thursday. Tetra Tech has a 1-year low of $22.67 and a 1-year high of $30.92. The stock has a 50-day moving average of $26.44 and a 200-day moving average of $27.68. The company has a market cap of $1.647 billion and a P/E ratio of 15.08.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results 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. Analysts expect that Tetra Tech will post $1.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Shareholders of record on Friday, August 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.09%. The ex-dividend date 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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