Roger R. Argus Sells 390 Shares of Tetra Tech, Inc. (TTEK) Stock
Tetra Tech, Inc. (NASDAQ:TTEK) SVP Roger R. Argus sold 390 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $49.65, for a total value of $19,363.50. Following the completion of the transaction, the senior vice president now owns 6,948 shares of the company’s stock, valued at $344,968.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Tetra Tech, Inc. (NASDAQ TTEK) traded down $0.35 during trading hours on Friday, reaching $49.65. The company had a trading volume of 133,800 shares, compared to its average volume of 344,292. The company has a market cap of $2,766.63, a price-to-earnings ratio of 23.31, a P/E/G ratio of 1.59 and a beta of 1.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.94. Tetra Tech, Inc. has a twelve month low of $38.85 and a twelve month high of $50.15.
Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The business had revenue of $533.00 million during the quarter, compared to analyst estimates of $517.90 million. Tetra Tech had a return on equity of 13.60% and a net margin of 4.28%. Tetra Tech’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.59 EPS. equities analysts anticipate that Tetra Tech, Inc. will post 2.32 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date is Wednesday, November 29th. Tetra Tech’s dividend payout ratio is currently 19.61%.
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A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Tetra Tech by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 5,236,842 shares of the industrial products company’s stock worth $239,585,000 after purchasing an additional 23,972 shares during the last quarter. State Street Corp grew its holdings in Tetra Tech by 5.2% during the 2nd quarter. State Street Corp now owns 1,502,537 shares of the industrial products company’s stock worth $68,741,000 after acquiring an additional 74,476 shares during the period. Rice Hall James & Associates LLC grew its holdings in Tetra Tech by 12.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,256,181 shares of the industrial products company’s stock worth $57,470,000 after acquiring an additional 134,770 shares during the period. Northern Trust Corp grew its holdings in Tetra Tech by 2.2% during the 2nd quarter. Northern Trust Corp now owns 1,075,476 shares of the industrial products company’s stock worth $49,203,000 after acquiring an additional 23,510 shares during the period. Finally, Boston Partners grew its holdings in Tetra Tech by 2.2% during the 3rd quarter. Boston Partners now owns 1,033,492 shares of the industrial products company’s stock worth $48,109,000 after acquiring an additional 22,718 shares during the period. 85.84% of the stock is owned by institutional investors and hedge funds.
TTEK has been the subject of a number of research reports. Roth Capital set a $52.00 price target on Tetra Tech and gave the company a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Canaccord Genuity reiterated a “buy” rating and issued a $52.00 price target on shares of Tetra Tech in a research note on Friday, August 4th. Boenning Scattergood reiterated an “outperform” rating on shares of Tetra Tech in a research note on Tuesday, September 5th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $47.00 price target on shares of Tetra Tech in a research note on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $52.29.
About Tetra Tech
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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