Spire Wealth Management Increases Stock Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Spire Wealth Management grew its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 1,054.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,650 shares of the industrial products company's stock after purchasing an additional 20,688 shares during the quarter. Spire Wealth Management's holdings in Tetra Tech were worth $3,706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. bought a new position in Tetra Tech in the 4th quarter worth about $26,000. Millburn Ridgefield Corp bought a new stake in Tetra Tech during the third quarter valued at approximately $37,000. GAMMA Investing LLC bought a new position in shares of Tetra Tech in the 4th quarter worth $38,000. SRS Capital Advisors Inc. raised its position in shares of Tetra Tech by 305.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 235 shares of the industrial products company's stock valued at $39,000 after buying an additional 177 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Tetra Tech during the 4th quarter worth $89,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tetra Tech

In other news, Director J Kenneth Thompson sold 3,500 shares of the company's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total value of $620,340.00. Following the transaction, the director now owns 10,985 shares in the company, valued at $1,946,981.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Tetra Tech news, Director J Kenneth Thompson sold 3,500 shares of the company's stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total transaction of $620,340.00. Following the transaction, the director now owns 10,985 shares in the company, valued at approximately $1,946,981.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven M. Burdick sold 7,515 shares of Tetra Tech stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $175.67, for a total transaction of $1,320,160.05. Following the completion of the sale, the chief financial officer now owns 29,890 shares of the company's stock, valued at $5,250,776.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,595 shares of company stock valued at $2,925,482. 0.61% of the stock is owned by insiders.

Tetra Tech Stock Up 0.4 %

Tetra Tech stock traded up $0.76 on Tuesday, hitting $212.88. 432,779 shares of the stock traded hands, compared to its average volume of 272,765. The business's fifty day simple moving average is $187.34 and its 200 day simple moving average is $172.11. The firm has a market cap of $11.39 billion, a P/E ratio of 42.94 and a beta of 0.93. The company has a current ratio of 1.24, a quick ratio of 1.25 and a debt-to-equity ratio of 0.60. Tetra Tech, Inc. has a 1 year low of $132.29 and a 1 year high of $216.24.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.29 by $0.13. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Tetra Tech had a net margin of 5.36% and a return on equity of 21.16%. The business's revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 earnings per share. As a group, sell-side analysts forecast that Tetra Tech, Inc. will post 6.2 earnings per share for the current year.

Tetra Tech Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Friday, May 17th. This is a positive change from Tetra Tech's previous quarterly dividend of $0.26. Tetra Tech's payout ratio is currently 21.05%.

Analyst Ratings Changes

TTEK has been the topic of a number of research reports. Royal Bank of Canada raised their price target on Tetra Tech from $203.00 to $233.00 and gave the company an "outperform" rating in a research report on Friday. Robert W. Baird upped their target price on Tetra Tech from $180.00 to $200.00 and gave the stock a "neutral" rating in a research note on Thursday, May 2nd. StockNews.com upgraded Tetra Tech from a "hold" rating to a "buy" rating in a report on Friday. KeyCorp boosted their price objective on Tetra Tech from $209.00 to $219.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Maxim Group raised their target price on shares of Tetra Tech from $220.00 to $230.00 and gave the stock a "buy" rating in a report on Tuesday, April 30th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $221.40.

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.