Tetra Tech, Inc. (NASDAQ:TTEK) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 144,595 shares of the industrial products company's stock after purchasing an additional 11,530 shares during the period. Treasurer of the State of North Carolina owned approximately 0.05% of Tetra Tech worth $5,761,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Tetra Tech in the fourth quarter valued at approximately $121,390,000. King Luther Capital Management Corp boosted its holdings in shares of Tetra Tech by 324.0% in the 4th quarter. King Luther Capital Management Corp now owns 1,278,295 shares of the industrial products company's stock valued at $50,927,000 after acquiring an additional 976,810 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Tetra Tech by 130.8% in the fourth quarter. Teacher Retirement System of Texas now owns 1,383,025 shares of the industrial products company's stock worth $55,100,000 after acquiring an additional 783,736 shares during the period. Bessemer Group Inc. raised its holdings in shares of Tetra Tech by 924.3% during the fourth quarter. Bessemer Group Inc. now owns 815,939 shares of the industrial products company's stock worth $32,508,000 after purchasing an additional 736,279 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Tetra Tech during the fourth quarter valued at $22,653,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. KeyCorp cut their price target on Tetra Tech from $45.00 to $34.00 and set an "overweight" rating on the stock in a research report on Wednesday. Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Royal Bank of Canada set a $49.00 price target on Tetra Tech in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.72.

Tetra Tech Price Performance

NASDAQ TTEK traded up $0.37 during trading hours on Friday, reaching $30.22. The company's stock had a trading volume of 1,045,189 shares, compared to its average volume of 2,003,209. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 31.74 and a beta of 0.89. The company's 50-day moving average is $29.63 and its two-hundred day moving average is $38.13. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.29 and a quick ratio of 1.29. 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 earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. On average, equities analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, February 12th. Tetra Tech's dividend payout ratio is presently 24.21%.

Insider Buying and Selling

In related news, Director Kirsten M. Volpi sold 10,116 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $34.33, for a total value of $347,282.28. Following the completion of the transaction, the director now directly owns 60,196 shares of the company's stock, valued at approximately $2,066,528.68. This represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.

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.