Tetra Tech, Inc. (NASDAQ:TTEK) CFO Steven M. Burdick sold 16,750 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $44.87, for a total value of $751,572.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) traded up 0.22% during mid-day trading on Wednesday, hitting $45.10. The stock had a trading volume of 283,359 shares. Tetra Tech, Inc. has a 1-year low of $28.01 and a 1-year high of $46.92. The company has a market capitalization of $2.58 billion, a P/E ratio of 23.80 and a beta of 1.11. The stock’s 50-day moving average price is $43.49 and its 200 day moving average price is $42.24.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, May 3rd. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Tetra Tech had a return on equity of 13.28% and a net margin of 3.24%. The business had revenue of $511.95 million during the quarter, compared to analysts’ expectations of $491.60 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts predict that Tetra Tech, Inc. will post $2.22 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Tetra Tech (NASDAQ:TTEK)

The company also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Thursday, May 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, May 16th. This is a boost from Tetra Tech’s previous quarterly dividend of $0.09. Tetra Tech’s dividend payout ratio is presently 24.16%.

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A number of institutional investors have recently modified their holdings of TTEK. State of Alaska Department of Revenue boosted its position in shares of Tetra Tech by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 6,330 shares of the industrial products company’s stock worth $258,000 after buying an additional 110 shares during the last quarter. Capital One National Association boosted its position in shares of Tetra Tech by 1.0% in the first quarter. Capital One National Association now owns 16,518 shares of the industrial products company’s stock worth $675,000 after buying an additional 160 shares during the last quarter. Suffolk Capital Management LLC boosted its position in shares of Tetra Tech by 0.7% in the first quarter. Suffolk Capital Management LLC now owns 37,027 shares of the industrial products company’s stock worth $1,513,000 after buying an additional 269 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Tetra Tech by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the industrial products company’s stock worth $952,000 after buying an additional 400 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Tetra Tech by 1.4% in the first quarter. Arizona State Retirement System now owns 29,823 shares of the industrial products company’s stock worth $1,218,000 after buying an additional 400 shares during the last quarter. 86.14% of the stock is owned by institutional investors and hedge funds.

Several research analysts have issued reports on TTEK shares. Roth Capital started coverage on Tetra Tech in a research note on Wednesday, January 25th. They set a “buy” rating and a $49.00 price objective for the company. Canaccord Genuity reiterated a “buy” rating and set a $50.00 price objective on shares of Tetra Tech in a research note on Thursday, March 23rd. Sidoti reiterated a “buy” rating and set a $58.00 price objective (up from $55.00) on shares of Tetra Tech in a research note on Sunday, May 14th. Zacks Investment Research upgraded Tetra Tech from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, February 7th. Finally, Stifel Nicolaus increased their price objective on Tetra Tech to $45.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $46.56.

Tetra Tech Company Profile

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.

12 Month Chart for NASDAQ:TTEK

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