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

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $49.32.

TTEK has been the subject of several analyst reports. StockNews.com downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. Robert W. Baird boosted their price target on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, KeyCorp lowered their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th.

Institutional Investors Weigh In On Tetra Tech

A number of large investors have recently added to or reduced their stakes in TTEK. Banque Cantonale Vaudoise bought a new position in shares of Tetra Tech during the 2nd quarter valued at about $28,000. EverSource Wealth Advisors LLC boosted its stake in Tetra Tech by 561.3% in the second quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock worth $44,000 after buying an additional 174 shares in the last quarter. Quarry LP bought a new position in Tetra Tech during the second quarter valued at approximately $54,000. Signaturefd LLC raised its stake in shares of Tetra Tech by 156.0% during the second quarter. Signaturefd LLC now owns 320 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 195 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Tetra Tech by 629.3% in the 3rd quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 472 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of TTEK opened at $40.23 on Tuesday. The stock’s fifty day moving average price is $43.03 and its two-hundred day moving average price is $44.35. Tetra Tech has a 1 year low of $31.61 and a 1 year high of $51.20. The firm has a market cap of $10.77 billion, a PE ratio of 32.65 and a beta of 0.90. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a $0.058 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $0.23 annualized dividend and a yield of 0.58%. Tetra Tech’s dividend payout ratio (DPR) is presently 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.