Tetra Tech (NASDAQ:TTEK) Hits New 1-Year High at $194.99

Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $194.99 and last traded at $193.78, with a volume of 13728 shares traded. The stock had previously closed at $193.50.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. KeyCorp assumed coverage on Tetra Tech in a research report on Wednesday, January 10th. They set an "overweight" rating and a $191.00 target price for the company. Royal Bank of Canada increased their target price on Tetra Tech from $192.00 to $203.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $197.25.

Tetra Tech Stock Performance

The business has a 50 day moving average of $179.45 and a 200 day moving average of $167.06. The company has a market capitalization of $10.41 billion, a P/E ratio of 44.79 and a beta of 0.96. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $974.00 million. During the same period in the prior year, the company earned $1.34 earnings per share. On average, sell-side analysts predict that Tetra Tech, Inc. will post 6.07 earnings per share for the current year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Wednesday, February 14th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Tuesday, February 13th. Tetra Tech's payout ratio is 24.07%.

Insider Activity

In other news, Director J Kenneth Thompson sold 8,400 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the completion of the sale, the director now directly owns 14,485 shares of the company's stock, valued at approximately $2,390,025. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Brian N. Carter sold 5,580 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $176.52, for a total transaction of $984,981.60. Following the completion of the sale, the senior vice president now directly owns 8,360 shares of the company's stock, valued at approximately $1,475,707.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Kenneth Thompson sold 8,400 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $165.00, for a total value of $1,386,000.00. Following the sale, the director now directly owns 14,485 shares of the company's stock, valued at $2,390,025. The disclosure for this sale can be found here. Insiders sold 32,123 shares of company stock valued at $5,487,673 in the last ninety days. Insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On Tetra Tech

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC bought a new stake in shares of Tetra Tech during the 1st quarter worth approximately $27,000. Bath Savings Trust Co bought a new stake in shares of Tetra Tech during the 1st quarter worth approximately $202,000. GAMMA Investing LLC lifted its stake in shares of Tetra Tech by 25.8% during the 1st quarter. GAMMA Investing LLC now owns 302 shares of the industrial products company's stock worth $56,000 after acquiring an additional 62 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Tetra Tech by 39.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 66,585 shares of the industrial products company's stock worth $12,299,000 after acquiring an additional 18,794 shares during the last quarter. Finally, HighPoint Advisor Group LLC purchased a new position in Tetra Tech during the 4th quarter worth $686,000. 93.89% of the stock is owned by institutional investors.

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.