Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) SVP Preston Hopson III sold 5,000 shares of the company’s stock on Wednesday, August 7. The shares were sold at an average price of $233.07, for a total value of $1,165,350.00. Following the sale, the senior vice president now owns 8,742 shares of the company’s stock, valued at $2,037,497.94. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Tetra Tech price development

Tetra Tech stock opened at $231.76 on Friday. The company has a 50-day moving average of $209.51 and a 200-day moving average of $195.53. The company has a market cap of $12.41 billion, a price-to-earnings ratio of 46.91 and a beta of 0.93. The company has a quick ratio of 1.24, a current ratio of 1.21 and a debt-to-equity ratio of 0.52. Tetra Tech, Inc. has a 52-week low of $143.35 and a 52-week high of $234.94.

Tetra Tech’s stock will split on Monday morning, September 9. The 5-for-1 split was announced on Wednesday, July 31. The newly created shares will be distributed to shareholders after the market closes on Friday, September 6.

Tetra Tech (NASDAQ:TTEK – Free Report) last released its quarterly earnings results on Wednesday, July 31. The industrial products company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.05. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a net margin of 5.72% and a return on equity of 21.50%. Tetra Tech’s quarterly revenue grew 10.7% year over year. In the same quarter last year, the company generated earnings per share of $1.29. On average, equities analysts expect that Tetra Tech, Inc. will report earnings per share of $6.24 for the current fiscal year.

Tetra Tech announces dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will receive a dividend of $0.29 per share. This represents an annualized dividend of $1.16 and a yield of 0.50%. The ex-dividend date is Thursday, August 15th. Tetra Tech’s dividend payout ratio (DPR) is currently 23.48%.

Institutional trading with Tetra Tech

Several large investors have recently added to or reduced their stakes in the stock. Ninety One UK Ltd acquired a new position in shares of Tetra Tech in the 2nd quarter valued at about $135,897,000. Norges Bank acquired a new position in Tetra Tech in the 4th quarter valued at about $96,655,000. LGT Group Foundation increased its holdings in shares of Tetra Tech by 7,481.7% in the 2nd quarter. LGT Group Foundation now owns 491,444 shares of the industrial products company’s stock valued at $100,490,000 after purchasing an additional 484,962 shares in the last quarter. Lazard Freres Gestion SAS acquired a new stake in shares of Tetra Tech in the 2nd quarter valued at about $37,829,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Tetra Tech by 27.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 677,130 shares of the industrial products company’s stock valued at $138,459,000 after acquiring an additional 144,706 shares during the last quarter. 93.89% of the shares are currently owned by hedge funds and other institutional investors.

Changes in analyst ratings

TTEK has been the subject of a number of analyst reports lately. Maxim Group raised their price target on Tetra Tech from $234.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday, May 16. Northcoast Research raised their rating on shares of Tetra Tech from “neutral” to “buy” and set a $225.00 price target for the company in a report on Thursday, May 2. Robert W. Baird raised their price target on shares of Tetra Tech from $223.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1. StockNews.com upgraded Tetra Tech shares from “hold” to “buy” in a research report on Monday. Finally, Royal Bank of Canada increased their price target on shares of Tetra Tech from $233.00 to $259.00 and gave the stock an “outperform” rating in a research report on Friday, August 2. One research analyst rated the stock with a “hold” rating and six gave the company’s stock a “buy” rating. According to MarketBeat.com, the company currently has an average rating of “moderate buy” and a consensus price target of $245.80.

Check out our latest analysis on TTEK

About Tetra Tech

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Tetra Tech, Inc. provides consulting and engineering services in the United States and internationally. The company operates in two segments: Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment provides early data collection and monitoring, data analysis and information management, applied scientific and engineering research, engineering design, project management, and operations and maintenance services; as well as climate change and energy management consulting; and greenhouse gas inventory assessment, certification, reduction, and management services.

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