Tetra Tech, Inc. (NASDAQ:TTEK) has been given an average rating of “Hold” by the nine research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $72.67.

TTEK has been the subject of several recent analyst reports. Robert W. Baird boosted their target price on Tetra Tech from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, November 8th. Zacks Investment Research restated a “hold” rating on shares of Tetra Tech in a research report on Saturday, November 17th. BidaskClub upgraded Tetra Tech from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 16th. Finally, Maxim Group set a $87.00 target price on Tetra Tech and gave the stock a “buy” rating in a research report on Thursday, November 8th.

In other Tetra Tech news, SVP Brian N. Carter sold 8,215 shares of Tetra Tech stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $62.28, for a total transaction of $511,630.20. Following the completion of the sale, the senior vice president now owns 7,430 shares of the company’s stock, valued at $462,740.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kirsten M. Volpi sold 1,200 shares of Tetra Tech stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $66.94, for a total value of $80,328.00. Following the sale, the director now directly owns 8,801 shares of the company’s stock, valued at approximately $589,138.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,034 shares of company stock valued at $3,958,744. 3.40% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of TTEK. BlackRock Inc. lifted its stake in Tetra Tech by 9.2% during the second quarter. BlackRock Inc. now owns 8,166,363 shares of the industrial products company’s stock worth $477,733,000 after purchasing an additional 691,409 shares during the last quarter. Intrinsic Edge Capital Management LLC lifted its stake in Tetra Tech by 169.1% during the second quarter. Intrinsic Edge Capital Management LLC now owns 320,849 shares of the industrial products company’s stock worth $18,770,000 after purchasing an additional 201,626 shares during the last quarter. WINTON GROUP Ltd lifted its stake in Tetra Tech by 1,956.6% during the third quarter. WINTON GROUP Ltd now owns 195,641 shares of the industrial products company’s stock worth $13,362,000 after purchasing an additional 186,128 shares during the last quarter. Federated Investors Inc. PA lifted its stake in Tetra Tech by 3,061,966.7% during the second quarter. Federated Investors Inc. PA now owns 183,724 shares of the industrial products company’s stock worth $10,749,000 after purchasing an additional 183,718 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Tetra Tech by 51.8% during the third quarter. Morgan Stanley now owns 520,396 shares of the industrial products company’s stock worth $35,544,000 after purchasing an additional 177,506 shares during the last quarter. 84.55% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech stock traded up $0.32 during midday trading on Thursday, hitting $55.59. 595,700 shares of the company’s stock were exchanged, compared to its average volume of 257,834. Tetra Tech has a 52-week low of $44.65 and a 52-week high of $72.56. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.38 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, November 7th. The industrial products company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Tetra Tech had a return on equity of 15.80% and a net margin of 4.62%. The business had revenue of $563.67 million during the quarter, compared to analysts’ expectations of $571.33 million. During the same period in the previous year, the business earned $0.63 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. On average, research analysts anticipate that Tetra Tech will post 2.87 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.86%. The ex-dividend date is Thursday, November 29th. Tetra Tech’s payout ratio is 18.18%.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through two segments, Water, Environment and Infrastructure (WEI); and Resource Management and Energy (RME). The WEI 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.

Read More: Why is the ex-dividend date different from the record date?

Analyst Recommendations for Tetra Tech (NASDAQ:TTEK)

Receive News & Ratings for Tetra Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tetra Tech and related companies with MarketBeat.com's FREE daily email newsletter.