Insider Selling: Tetra Tech SVP Unloads 21,500 Shares of Stock (TTEK)
Tetra Tech (NASDAQ:TTEK) SVP Michael A. Bieber unloaded 21,500 shares of Tetra Tech stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $25.69, for a total transaction of $552,335.00. Following the transaction, the senior vice president now directly owns 19,453 shares of the company’s stock, valued at approximately $499,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on TTEK. 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 currently has an average rating of “Hold” and a consensus target price of $29.22.
Shares of Tetra Tech (NASDAQ:TTEK) traded up 0.39% during mid-day trading on Tuesday, hitting $25.75. 407,980 shares of the company’s stock traded hands. Tetra Tech has a one year low of $22.67 and a one year high of $30.92. The stock’s 50-day moving average is $26.26 and its 200-day moving average is $27.6. The company has a market cap of $1.654 billion and a price-to-earnings ratio of 15.08.
Tetra Tech (NASDAQ:TTEK) last released its earnings data on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($1.21) earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 15th will be paid 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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