State of Wyoming Increases Position in Tetra Tech, Inc. (NASDAQ:TTEK)

State of Wyoming lifted its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 91.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,034 shares of the industrial products company's stock after acquiring an additional 7,199 shares during the period. State of Wyoming's holdings in Tetra Tech were worth $599,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Tetra Tech in the 4th quarter worth approximately $39,000. Asset Planning Inc purchased a new stake in shares of Tetra Tech in the 4th quarter worth approximately $40,000. Jones Financial Companies Lllp grew its stake in shares of Tetra Tech by 98.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock worth $40,000 after buying an additional 495 shares during the last quarter. Caption Management LLC purchased a new stake in shares of Tetra Tech in the 4th quarter worth approximately $40,000. Finally, Blue Trust Inc. grew its stake in shares of Tetra Tech by 235.8% in the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company's stock worth $58,000 after buying an additional 1,014 shares during the last quarter. Institutional investors own 93.89% of the company's stock.

Tetra Tech Price Performance

Shares of TTEK stock traded down $0.03 during trading hours on Friday, hitting $35.42. The stock had a trading volume of 2,024,442 shares, compared to its average volume of 2,083,532. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. The stock's 50-day moving average price is $31.27 and its two-hundred day moving average price is $35.44. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 37.21 and a beta of 0.92.

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

Tetra Tech Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.73%. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. The ex-dividend date is Friday, May 23rd. Tetra Tech's payout ratio is 37.68%.

Analyst Ratings Changes

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

Tetra Tech Company Profile

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.