Tetra Tech, Inc. (NASDAQ:TTEK) SVP Richard A. Lemmon sold 11,510 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $82.74, for a total transaction of $952,337.40. Following the sale, the senior vice president now directly owns 45,667 shares in the company, valued at approximately $3,778,487.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Richard A. Lemmon also recently made the following trade(s):

  • On Friday, September 6th, Richard A. Lemmon sold 3,000 shares of Tetra Tech stock. The stock was sold at an average price of $83.00, for a total transaction of $249,000.00.

Shares of NASDAQ:TTEK traded up $0.99 during mid-day trading on Friday, reaching $83.70. 260,864 shares of the company’s stock were exchanged, compared to its average volume of 414,832. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 1.67 and a beta of 1.10. The business’s fifty day moving average price is $79.97 and its 200-day moving average price is $70.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 1.73. Tetra Tech, Inc. has a twelve month low of $48.52 and a twelve month high of $86.56.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. The company had revenue of $623.20 million for the quarter, compared to analyst estimates of $605.42 million. Tetra Tech had a net margin of 5.85% and a return on equity of 17.36%. Tetra Tech’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. Analysts predict that Tetra Tech, Inc. will post 3.13 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.72%. Tetra Tech’s dividend payout ratio (DPR) is presently 22.73%.

A number of analysts have weighed in on the stock. Maxim Group set a $92.00 target price on shares of Tetra Tech and gave the stock a “buy” rating in a research note on Friday, August 23rd. Roth Capital lifted their price target on shares of Tetra Tech from $75.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. ValuEngine upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Thursday, June 6th. Finally, BidaskClub upgraded shares of Tetra Tech from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $80.40.

Hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. lifted its holdings in Tetra Tech by 82.7% in the second quarter. Meeder Asset Management Inc. now owns 625 shares of the industrial products company’s stock valued at $49,000 after buying an additional 283 shares during the period. Huntington National Bank lifted its holdings in Tetra Tech by 57.7% in the second quarter. Huntington National Bank now owns 749 shares of the industrial products company’s stock valued at $59,000 after buying an additional 274 shares during the period. NN Investment Partners Holdings N.V. acquired a new position in Tetra Tech in the second quarter valued at $83,000. Advisory Services Network LLC lifted its holdings in Tetra Tech by 2,177.1% in the second quarter. Advisory Services Network LLC now owns 1,093 shares of the industrial products company’s stock valued at $86,000 after buying an additional 1,045 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Tetra Tech in the second quarter valued at $94,000. Institutional investors and hedge funds own 86.40% of the company’s stock.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.

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Insider Buying and Selling by Quarter for Tetra Tech (NASDAQ:TTEK)

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