Tetra Tech, Inc. (NASDAQ:TTEK) Receives $197.25 Average Target Price from Analysts

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have received an average recommendation of “Moderate Buy” from the four research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $197.25.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada increased their target price on Tetra Tech from $192.00 to $203.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. KeyCorp assumed coverage on Tetra Tech in a research note on Wednesday, January 10th. They set an “overweight” rating and a $191.00 target price on the stock.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $188.97 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. The stock’s 50 day moving average price is $177.05 and its two-hundred day moving average price is $166.09. The firm has a market capitalization of $10.11 billion, a price-to-earnings ratio of 43.74 and a beta of 0.96. Tetra Tech has a 12-month low of $132.29 and a 12-month high of $190.14.

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, beating the consensus estimate of $1.35 by $0.05. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $974.00 million. Tetra Tech had a return on equity of 21.05% and a net margin of 4.77%. During the same quarter in the prior year, the company earned $1.34 earnings per share. On average, analysts anticipate that Tetra Tech will post 6.07 earnings per share for the current year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Wednesday, February 14th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, February 13th. Tetra Tech’s dividend payout ratio is currently 24.07%.

Insider Buying and Selling

In related news, SVP Brian N. Carter sold 5,580 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $176.52, for a total transaction of $984,981.60. Following the sale, the senior vice president now owns 8,360 shares of the company’s stock, valued at $1,475,707.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Brian N. Carter sold 5,580 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $176.52, for a total transaction of $984,981.60. Following the sale, the senior vice president now owns 8,360 shares of the company’s stock, valued at $1,475,707.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven M. Burdick sold 7,515 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $175.67, for a total value of $1,320,160.05. Following the sale, the chief financial officer now directly owns 29,890 shares in the company, valued at approximately $5,250,776.30. The disclosure for this sale can be found here. Insiders have sold 32,123 shares of company stock valued at $5,487,673 over the last 90 days. 0.61% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Tetra Tech

Large investors have recently modified their holdings of the business. Contravisory Investment Management Inc. acquired a new stake in shares of Tetra Tech in the 4th quarter valued at $26,000. Jones Financial Companies Lllp acquired a new stake in shares of Tetra Tech in the 4th quarter valued at $33,000. Principal Securities Inc. acquired a new stake in shares of Tetra Tech in the 4th quarter valued at $36,000. ST Germain D J Co. Inc. acquired a new stake in shares of Tetra Tech in the 2nd quarter valued at $38,000. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Tetra Tech in the 4th quarter valued at $38,000. Institutional investors and hedge funds 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.