Analysts Set Tetra Tech, Inc. (NASDAQ:TTEK) Target Price at $197.25

Tetra Tech, Inc. (NASDAQ:TTEK) has been given a consensus recommendation of “Moderate Buy” by the four analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $197.25.

TTEK has been the subject of several recent research reports. KeyCorp initiated coverage on shares of Tetra Tech in a research report on Wednesday, January 10th. They issued an “overweight” rating and a $191.00 price target for the company. Royal Bank of Canada upped their price objective on shares of Tetra Tech from $192.00 to $203.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd.

Insider Buying and Selling at Tetra Tech

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

Hedge Funds Weigh In On Tetra Tech

Several institutional investors and hedge funds have recently bought and sold shares of TTEK. Sumitomo Life Insurance Co. increased its stake in shares of Tetra Tech by 40.0% in the first quarter. Sumitomo Life Insurance Co. now owns 21,444 shares of the industrial products company’s stock worth $3,692,000 after purchasing an additional 6,131 shares in the last quarter. Verdence Capital Advisors LLC purchased a new position in Tetra Tech in the 1st quarter valued at approximately $242,000. Robeco Schweiz AG raised its holdings in Tetra Tech by 26.5% during the 1st quarter. Robeco Schweiz AG now owns 299,389 shares of the industrial products company’s stock valued at $55,300,000 after acquiring an additional 62,699 shares during the period. HTLF Bank bought a new stake in Tetra Tech during the 1st quarter valued at $206,000. Finally, Whalen Wealth Management Inc. bought a new position in shares of Tetra Tech in the first quarter worth $469,000. 93.89% of the stock is owned by institutional investors.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $192.50 on Thursday. The firm has a 50 day moving average of $184.55 and a 200-day moving average of $170.37. The stock has a market capitalization of $10.30 billion, a PE ratio of 44.56 and a beta of 0.96. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. Tetra Tech has a 12 month low of $132.29 and a 12 month high of $194.99.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $974.00 million. Tetra Tech had a net margin of 4.77% and a return on equity of 21.05%. During the same period in the prior year, the company earned $1.34 EPS. On average, equities research analysts predict that Tetra Tech will post 6.07 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Wednesday, February 14th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Tuesday, February 13th. Tetra Tech’s dividend payout ratio (DPR) is 24.07%.

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.