Insider Selling: Tetra Tech, Inc. (TTEK) Director Sells $331,760.00 in Stock

Tetra Tech, Inc. (NASDAQ:TTEK) Director Hugh M. Grant sold 8,000 shares of the company’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $41.47, for a total transaction of $331,760.00. Following the transaction, the director now owns 21,220 shares in the company, valued at approximately $879,993.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tetra Tech, Inc. (NASDAQ:TTEK) opened at 41.55 on Wednesday. The company’s 50-day moving average is $42.39 and its 200 day moving average is $39.01. Tetra Tech, Inc. has a 52-week low of $26.10 and a 52-week high of $44.85. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 27.90 and a beta of 1.11.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, February 1st. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. Tetra Tech had a net margin of 3.24% and a return on equity of 13.28%. The firm had revenue of $669 million for the quarter, compared to analysts’ expectations of $471.91 million. During the same quarter in the previous year, the business posted $0.39 EPS. The company’s quarterly revenue was up 16.3% on a year-over-year basis. Equities analysts forecast that Tetra Tech, Inc. will post $2.18 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Tetra Tech (NASDAQ:TTEK)

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 3rd. Stockholders of record on Friday, February 17th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Wednesday, February 15th. Tetra Tech’s dividend payout ratio (DPR) is presently 24.16%.

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Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Tetra Tech by 4.6% in the second quarter. Vanguard Group Inc. now owns 4,628,608 shares of the company’s stock worth $142,306,000 after buying an additional 204,488 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Tetra Tech by 7.8% in the third quarter. BlackRock Fund Advisors now owns 4,104,670 shares of the company’s stock worth $145,593,000 after buying an additional 298,625 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Tetra Tech by 7.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,737,387 shares of the company’s stock worth $61,625,000 after buying an additional 121,109 shares during the period. Rice Hall James & Associates LLC boosted its stake in shares of Tetra Tech by 4.0% in the third quarter. Rice Hall James & Associates LLC now owns 1,382,244 shares of the company’s stock worth $49,028,000 after buying an additional 53,682 shares during the period. Finally, State Street Corp boosted its stake in shares of Tetra Tech by 7.0% in the fourth quarter. State Street Corp now owns 1,337,680 shares of the company’s stock worth $57,724,000 after buying an additional 87,650 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

Several research analysts have weighed in on TTEK shares. DA Davidson restated a “hold” rating and set a $35.00 price objective on shares of Tetra Tech in a report on Wednesday, November 9th. Zacks Investment Research upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, January 17th. Roth Capital started coverage on shares of Tetra Tech in a report on Wednesday, January 25th. They set a “buy” rating and a $49.00 price objective on the stock. Finally, Stifel Nicolaus increased their target price on shares of Tetra Tech to $45.00 and gave the company a “hold” rating in a report on Monday, February 6th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $39.86.

About Tetra Tech

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.

5 Day Chart for NASDAQ:TTEK

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