Headlands Technologies LLC increased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 253.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 28,745 shares of the industrial products company's stock after acquiring an additional 20,621 shares during the period. Headlands Technologies LLC's holdings in Tetra Tech were worth $841,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Chilton Capital Management LLC purchased a new position in Tetra Tech in the first quarter valued at $25,000. Baillie Gifford & Co. acquired a new stake in Tetra Tech in the first quarter valued at $27,000. Caption Management LLC purchased a new stake in shares of Tetra Tech during the 4th quarter worth approximately $40,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Tetra Tech by 734.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company's stock worth $49,000 after buying an additional 1,483 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in shares of Tetra Tech during the 4th quarter worth approximately $61,000. 93.89% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Tetra Tech from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Robert W. Baird raised 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. Finally, KeyCorp upped their target price on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Tetra Tech currently has a consensus rating of "Moderate Buy" and an average price target of $41.67.
Check Out Our Latest Stock Report on TTEK
Tetra Tech Stock Performance
Shares of NASDAQ:TTEK traded down $0.08 during trading on Tuesday, hitting $36.74. 1,852,437 shares of the company traded hands, compared to its average volume of 2,457,077. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50. The business's fifty day moving average is $36.48 and its 200-day moving average is $33.33. The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of 45.93 and a beta of 0.92. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.
Tetra Tech Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, August 15th. Tetra Tech's payout ratio is 32.50%.
Tetra Tech Profile
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Free Report)
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.
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