Stifel Nicolaus reaffirmed their hold rating on shares of Tetra Tech, Inc. (NASDAQ:TTEK) in a research note issued to investors on Thursday, September 7th. They currently have a $47.00 price target on the industrial products company’s stock.
Other analysts also recently issued research reports about the stock. Robert W. Baird reissued a hold rating and set a $47.00 target price on shares of Tetra Tech in a research report on Tuesday, September 5th. Canaccord Genuity reissued a buy rating and set a $52.00 target price on shares of Tetra Tech in a research report on Friday, August 4th. Roth Capital set a $52.00 target price on shares of Tetra Tech and gave the stock a buy rating in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of Tetra Tech from a buy rating to a hold rating in a report on Saturday, August 5th. Finally, Boenning Scattergood reaffirmed an outperform rating on shares of Tetra Tech in a report on Tuesday, September 5th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $49.50.
Tetra Tech (NASDAQ TTEK) opened at 42.95 on Thursday. The stock’s 50 day moving average is $42.52 and its 200 day moving average is $43.53. The company has a market capitalization of $2.43 billion, a P/E ratio of 21.77 and a beta of 1.05. Tetra Tech has a 52 week low of $34.78 and a 52 week high of $48.35.
Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $498.47 million for the quarter, compared to the consensus estimate of $535.18 million. Tetra Tech had a net margin of 4.17% and a return on equity of 13.65%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS. On average, equities research analysts expect that Tetra Tech will post $2.11 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Thursday, August 17th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Tuesday, August 15th. Tetra Tech’s dividend payout ratio is currently 20.30%.
A number of hedge funds have recently made changes to their positions in the business. Advisor Group Inc. boosted its stake in shares of Tetra Tech by 194.9% in the second quarter. Advisor Group Inc. now owns 3,279 shares of the industrial products company’s stock valued at $150,000 after purchasing an additional 2,167 shares during the period. Victory Capital Management Inc. acquired a new stake in Tetra Tech in the first quarter valued at approximately $185,000. LS Investment Advisors LLC raised its holdings in Tetra Tech by 117.6% during the first quarter. LS Investment Advisors LLC now owns 4,872 shares of the industrial products company’s stock worth $199,000 after purchasing an additional 2,633 shares in the last quarter. Strs Ohio raised its holdings in Tetra Tech by 45.2% during the second quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock worth $205,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new stake in Tetra Tech during the second quarter worth approximately $206,000. 84.77% of the stock is owned by institutional investors.
Tetra Tech Company Profile
Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.
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