Gary Birkenbeuel Sells 2,390 Shares of Tetra Tech (NASDAQ:TTEK) Stock

Key Points

• Tetra Tech, Inc. Director Gary Birkenbeuel sold 2,390 shares of the company's stock for a total of $86,040, reducing his position by 5.96% to a remaining 37,725 shares.
• The company announced a quarterly dividend of $0.065 per share, which will be paid on August 29th, representing an annualized yield of 0.7% and a payout ratio of 32.50%.
• Analysts have recently upgraded Tetra Tech's stock to a "buy" rating, with a consensus price target of $41.67 and reports indicating anticipated earnings growth for the current fiscal year.

Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the sale, the director owned 37,725 shares in the company, valued at $1,358,100. This represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tetra Tech Stock Down 0.8%

Shares of NASDAQ TTEK traded down $0.28 during mid-day trading on Wednesday, hitting $35.66. 1,765,368 shares of the stock traded hands, compared to its average volume of 1,962,392. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 44.58 and a beta of 0.92. The stock has a fifty day moving average price of $36.58 and a 200-day moving average price of $33.31.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company posted $1.59 earnings per share. The firm's revenue was up 1.9% on a year-over-year basis. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. Research analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.065 per share. The ex-dividend date is Friday, August 15th. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. Tetra Tech's payout ratio is currently 32.50%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TTEK shares. Robert W. Baird boosted their target price on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. KeyCorp boosted their target price on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Tetra Tech presently has a consensus rating of "Moderate Buy" and an average price target of $41.67.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Praxis Investment Management Inc. purchased a new position in shares of Tetra Tech in the first quarter worth $348,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Tetra Tech by 39.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company's stock worth $541,000 after purchasing an additional 5,275 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Tetra Tech by 259.3% in the first quarter. SG Americas Securities LLC now owns 46,406 shares of the industrial products company's stock worth $1,357,000 after purchasing an additional 33,491 shares during the last quarter. Summit Trail Advisors LLC purchased a new stake in Tetra Tech during the first quarter valued at $590,000. Finally, Catalyst Capital Advisors LLC increased its position in Tetra Tech by 16.2% during the first quarter. Catalyst Capital Advisors LLC now owns 72,960 shares of the industrial products company's stock valued at $2,134,000 after acquiring an additional 10,159 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

About Tetra Tech

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.