Tetra Tech (NASDAQ:TTEK) Price Target Raised to $47.00

Tetra Tech (NASDAQ:TTEK) had its price objective upped by Robert W. Baird from $46.00 to $47.00 in a report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the industrial products company’s stock.

TTEK has been the subject of several other research reports. StockNews.com raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. KeyCorp lifted their price objective on Tetra Tech from $49.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada upped their target price on Tetra Tech from $46.60 to $51.80 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $49.32.

Tetra Tech Trading Up 0.8 %

Tetra Tech stock opened at $41.27 on Thursday. Tetra Tech has a 52 week low of $30.92 and a 52 week high of $51.20. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 33.50 and a beta of 0.94. The stock has a 50-day moving average price of $47.60 and a 200 day moving average price of $44.58.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $0.058 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.23 annualized dividend and a dividend yield of 0.56%. Tetra Tech’s dividend payout ratio is presently 18.67%.

Insiders Place Their Bets

In related news, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total value of $302,120.00. Following the sale, the director now directly owns 143,200 shares in the company, valued at approximately $6,655,936. The trade was a 4.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Leslie L. Shoemaker sold 78,420 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $46.11, for a total value of $3,615,946.20. Following the sale, the executive vice president now owns 296,015 shares of the company’s stock, valued at approximately $13,649,251.65. This trade represents a 20.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,750 shares of company stock worth $5,633,239. 0.61% of the stock is owned by corporate insiders.

Institutional Trading of Tetra Tech

A number of institutional investors have recently made changes to their positions in TTEK. Harbor Capital Advisors Inc. boosted its position in Tetra Tech by 630.8% during the third quarter. Harbor Capital Advisors Inc. now owns 36,430 shares of the industrial products company’s stock worth $1,718,000 after acquiring an additional 31,445 shares during the last quarter. Arkadios Wealth Advisors raised its position in Tetra Tech by 615.8% in the third quarter. Arkadios Wealth Advisors now owns 22,310 shares of the industrial products company’s stock valued at $1,052,000 after purchasing an additional 19,193 shares during the period. SFE Investment Counsel boosted its position in shares of Tetra Tech by 374.8% during the third quarter. SFE Investment Counsel now owns 36,330 shares of the industrial products company’s stock worth $1,713,000 after buying an additional 28,679 shares during the period. Nwam LLC acquired a new stake in shares of Tetra Tech in the first quarter valued at $1,123,000. Finally, US Bancorp DE grew its stake in shares of Tetra Tech by 401.8% in the third quarter. US Bancorp DE now owns 17,093 shares of the industrial products company’s stock valued at $806,000 after buying an additional 13,687 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

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.