New England Research & Management Inc. Sells 375 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

New England Research & Management Inc. lessened its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,575 shares of the industrial products company’s stock after selling 375 shares during the quarter. New England Research & Management Inc.’s holdings in Tetra Tech were worth $426,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Asset Planning Inc bought a new stake in shares of Tetra Tech during the 4th quarter valued at about $40,000. Jones Financial Companies Lllp boosted its position in shares of Tetra Tech by 98.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 495 shares during the last quarter. Caption Management LLC bought a new stake in shares of Tetra Tech during the 4th quarter valued at about $40,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Tetra Tech by 734.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company’s stock valued at $49,000 after acquiring an additional 1,483 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Tetra Tech by 235.8% during the 4th quarter. Blue Trust Inc. now owns 1,444 shares of the industrial products company’s stock valued at $58,000 after acquiring an additional 1,014 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Price Performance

Shares of TTEK stock opened at $36.06 on Friday. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 37.88 and a beta of 0.95. The business’s fifty day moving average is $33.09 and its 200 day moving average is $34.68. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, May 7th. The industrial products company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. Tetra Tech had a return on equity of 22.58% and a net margin of 4.81%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. Research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Friday, May 23rd. This is a boost from Tetra Tech’s previous quarterly dividend of $0.06. Tetra Tech’s dividend payout ratio is 37.68%.

Analyst Ratings Changes

TTEK has been the subject of a number of recent research reports. 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 research report on Thursday, May 8th. Maxim Group downgraded Tetra Tech from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, KeyCorp boosted their target price on Tetra Tech from $34.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.00.

Tetra Tech 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.