Define Financial LLC Acquires Shares of 10,343 Tetra Tech, Inc. (NASDAQ:TTEK)

Define Financial LLC bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the 4th quarter, Holdings Channel.com reports. The firm bought 10,343 shares of the industrial products company’s stock, valued at approximately $412,000. Tetra Tech accounts for about 0.3% of Define Financial LLC’s portfolio, making the stock its 17th largest holding.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP boosted its position in Tetra Tech by 629.3% during the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock valued at $26,000 after buying an additional 472 shares during the period. LGT Financial Advisors LLC raised its holdings in Tetra Tech by 400.0% in the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 444 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Tetra Tech by 3,261.1% in the 3rd quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 587 shares during the period. Canton Hathaway LLC boosted its stake in shares of Tetra Tech by 400.0% during the 3rd quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 516 shares in the last quarter. Finally, USA Financial Formulas raised its stake in Tetra Tech by 332.3% in the third quarter. USA Financial Formulas now owns 709 shares of the industrial products company’s stock worth $33,000 after buying an additional 545 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTEK. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Robert W. Baird lifted their price target on Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. KeyCorp decreased their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $49.32.

Tetra Tech Stock Up 0.0 %

TTEK stock opened at $41.81 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. Tetra Tech, Inc. has a 1-year low of $31.61 and a 1-year high of $51.20. The stock has a market capitalization of $11.19 billion, a P/E ratio of 33.94 and a beta of 0.90. The business has a fifty day moving average price of $41.77 and a 200-day moving average price of $44.28.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.058 per share. This represents a $0.23 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech’s dividend payout ratio is currently 18.70%.

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.