Tetra Tech, Inc. (NASDAQ:TTEK) Given Average Rating of “Moderate Buy” by Brokerages

Tetra Tech, Inc. (NASDAQ:TTEK) has been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $49.32.

A number of equities analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. Robert W. Baird upped their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. StockNews.com cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, KeyCorp cut their price target on shares of Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, November 15th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TTEK. EverSource Wealth Advisors LLC boosted its holdings in Tetra Tech by 561.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 174 shares during the period. American Century Companies Inc. raised its stake in shares of Tetra Tech by 3.3% in the 2nd quarter. American Century Companies Inc. now owns 5,841 shares of the industrial products company’s stock valued at $1,194,000 after buying an additional 185 shares in the last quarter. Quarry LP acquired a new position in shares of Tetra Tech in the 2nd quarter valued at $54,000. Insigneo Advisory Services LLC raised its stake in shares of Tetra Tech by 19.9% in the 2nd quarter. Insigneo Advisory Services LLC now owns 1,668 shares of the industrial products company’s stock valued at $376,000 after buying an additional 277 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Tetra Tech by 0.9% in the 4th quarter. Nordea Investment Management AB now owns 45,422 shares of the industrial products company’s stock valued at $1,809,000 after buying an additional 411 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Trading Down 2.8 %

Shares of TTEK stock opened at $37.67 on Friday. The company’s 50-day moving average price is $40.91 and its 200-day moving average price is $44.26. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of 30.58 and a beta of 0.90. Tetra Tech has a twelve month low of $31.61 and a twelve month high of $51.20.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 29th. The industrial products company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Tetra Tech had a net margin of 6.41% and a return on equity of 20.64%. As a group, equities analysts predict that Tetra Tech will post 1.45 earnings per share for the current year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.058 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech’s dividend payout ratio is currently 18.70%.

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.