Tetra Tech, Inc. $TTEK Shares Sold by Moran Wealth Management LLC

Key Points

• Moran Wealth Management LLC reduced its holdings in Tetra Tech, Inc. by 7.3%, selling 14,599 shares during the second quarter, now owning approximately $6.6 million worth of the company's stock.
• Tetra Tech's shares are currently valued at $33.32, representing a 3.6% decline, with a market capitalization of $8.76 billion.
• The company recently announced a quarterly dividend of $0.065 per share, with an annualized yield of 0.8% and a payout ratio of 32.5%.

Moran Wealth Management LLC cut its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,294 shares of the industrial products company's stock after selling 14,599 shares during the quarter. Moran Wealth Management LLC owned 0.07% of Tetra Tech worth $6,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Chilton Capital Management LLC acquired a new stake in shares of Tetra Tech in the first quarter valued at $25,000. Baillie Gifford & Co. acquired a new stake in shares of Tetra Tech in the first quarter valued at $27,000. Central Pacific Bank Trust Division acquired a new stake in shares of Tetra Tech in the second quarter valued at $32,000. SVB Wealth LLC acquired a new stake in shares of Tetra Tech in the first quarter valued at $36,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Tetra Tech by 136.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company's stock valued at $38,000 after buying an additional 751 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of the sale, the director directly owned 37,725 shares of the company's stock, valued at approximately $1,358,100. The trade was a 5.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by company insiders.

Tetra Tech Stock Down 3.6%

Shares of NASDAQ TTEK opened at $33.32 on Wednesday. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 41.65 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day moving average of $35.48 and a two-hundred day moving average of $34.65. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 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, topping analysts' consensus estimates of $0.37 by $0.06. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.Tetra Tech's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 EPS. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. On average, analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. Tetra Tech's payout ratio is 32.50%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TTEK. Weiss Ratings reissued a "hold (c)" rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Royal Bank Of Canada set a $47.00 target price on Tetra Tech and gave the stock an "outperform" rating in a research note on Monday, September 29th. KeyCorp boosted their target price on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. National Bank Financial began coverage on Tetra Tech in a research note on Wednesday, October 8th. They set an "outperform" rating and a $41.00 target price for the company. Finally, Wall Street Zen cut Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $41.00.

Tetra Tech 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.

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