Insider Selling: Tetra Tech EVP Sells 4,000 Shares of Stock (TTEK)
Tetra Tech (NASDAQ:TTEK) EVP James R. Pagenkopf sold 4,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $25.68, for a total value of $102,720.00. Following the sale, the executive vice president now directly owns 64,413 shares of the company’s stock, valued at approximately $1,654,126. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Tetra Tech (NASDAQ:TTEK) traded down 0.97% on Wednesday, hitting $25.50. 290,315 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 has a 50-day moving average of $26.20 and a 200-day moving average of $27.58. The company has a market cap of $1.638 billion and a P/E ratio of 15.14.
Tetra Tech (NASDAQ:TTEK) last issued its quarterly 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 announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders 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 1.10%. The ex-dividend date is Wednesday, August 13th.
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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.22.
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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