Crossmark Global Holdings Inc. Grows Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Crossmark Global Holdings Inc. increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 353.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,429 shares of the industrial products company’s stock after buying an additional 73,589 shares during the period. Crossmark Global Holdings Inc.’s holdings in Tetra Tech were worth $3,762,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TTEK. HB Wealth Management LLC bought a new position in shares of Tetra Tech during the fourth quarter worth about $299,000. Merit Financial Group LLC bought a new position in Tetra Tech during the 4th quarter worth approximately $361,000. Relyea Zuckerberg Hanson LLC grew its position in shares of Tetra Tech by 367.4% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 76,460 shares of the industrial products company’s stock worth $3,046,000 after acquiring an additional 60,103 shares in the last quarter. Argent Capital Management LLC increased its holdings in shares of Tetra Tech by 9.5% in the 4th quarter. Argent Capital Management LLC now owns 62,758 shares of the industrial products company’s stock valued at $2,500,000 after acquiring an additional 5,452 shares during the last quarter. Finally, Radnor Capital Management LLC raised its position in shares of Tetra Tech by 11.8% during the 4th quarter. Radnor Capital Management LLC now owns 8,025 shares of the industrial products company’s stock valued at $320,000 after acquiring an additional 850 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. StockNews.com lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. KeyCorp decreased their target price on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 price target on shares of Tetra Tech in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.32.

Tetra Tech Price Performance

NASDAQ TTEK opened at $41.78 on Thursday. The company has a 50-day moving average price of $41.14 and a two-hundred day moving average price of $44.32. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 33.91 and a beta of 0.90. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. Tetra Tech, Inc. has a 52 week low of $31.61 and a 52 week high of $51.20.

Tetra Tech Announces Dividend

The firm 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. This represents a $0.23 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Wednesday, November 27th. Tetra Tech’s dividend payout ratio is currently 18.67%.

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.