State of Wyoming Has $599,000 Stake in Tetra Tech, Inc. (NASDAQ:TTEK)

State of Wyoming increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 91.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,034 shares of the industrial products company's stock after buying an additional 7,199 shares during the period. State of Wyoming's holdings in Tetra Tech were worth $599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. R Squared Ltd bought a new stake in Tetra Tech during the fourth quarter valued at $39,000. Asset Planning Inc bought a new stake in Tetra Tech during the fourth quarter valued at $40,000. Jones Financial Companies Lllp increased its stake in Tetra Tech by 98.0% during the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 495 shares during the last quarter. Caption Management LLC acquired a new position in shares of Tetra Tech during the fourth quarter valued at $40,000. Finally, Blue Trust Inc. boosted its holdings in shares of Tetra Tech by 235.8% during the fourth quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 1,014 shares during the period. Institutional investors own 93.89% of the company's stock.

Tetra Tech Price Performance

TTEK stock traded up $0.15 during trading on Wednesday, hitting $35.60. The company had a trading volume of 2,498,838 shares, compared to its average volume of 2,071,952. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 37.39 and a beta of 0.92. The business has a 50 day moving average of $31.03 and a 200 day moving average of $35.72. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. Tetra Tech had a net margin of 4.81% and a return on equity of 22.58%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company's quarterly revenue was up 25.9% compared to the same quarter last year. As a group, research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, May 23rd. This is an increase from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's payout ratio is presently 37.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TTEK shares. Maxim Group downgraded shares of Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Royal Bank of Canada set a $49.00 price target on shares of Tetra Tech in a report on Friday, January 31st. KeyCorp boosted their price target on shares of Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Robert W. Baird boosted their price target on shares of Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $41.00.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.