Boenning Scattergood reissued their outperform rating on shares of Tetra Tech Inc. (NASDAQ:TTEK) in a research report sent to investors on Friday.
Other equities research analysts have also issued reports about the company. Canaccord Genuity restated a buy rating and issued a $37.00 price target on shares of Tetra Tech in a research report on Friday, July 29th. Zacks Investment Research lowered Tetra Tech from a hold rating to a sell rating in a research report on Monday, July 18th. Finally, FBR & Co upped their price target on Tetra Tech from $32.00 to $36.00 and gave the company a market perform rating in a research report on Friday, July 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $34.40.
Shares of Tetra Tech (NASDAQ:TTEK) opened at 36.56 on Friday. The firm’s 50-day moving average price is $35.54 and its 200-day moving average price is $32.05. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 102.70 and a beta of 1.21. Tetra Tech has a 12 month low of $22.85 and a 12 month high of $36.76.
Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.50 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. Tetra Tech had a return on equity of 12.31% and a net margin of 0.86%. The company earned $667 million during the quarter, compared to analyst estimates of $498.79 million. During the same period in the previous year, the business earned $0.43 EPS. Tetra Tech’s quarterly revenue was up 16.0% on a year-over-year basis. Equities research analysts expect that Tetra Tech will post $1.88 EPS for the current year.
In related news, EVP Ronald J. Chu sold 29,413 shares of the stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $32.00, for a total value of $941,216.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Kenneth Thompson sold 8,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $32.75, for a total value of $262,000.00. Following the completion of the transaction, the director now owns 20,930 shares of the company’s stock, valued at $685,457.50. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of TTEK. Fox Run Management L.L.C. acquired a new position in shares of Tetra Tech during the third quarter valued at $383,000. Catawba Capital Management VA purchased a new position in Tetra Tech during the third quarter worth approximately $391,000. Macquarie Group Ltd. boosted its position in Tetra Tech by 30.2% in the second quarter. Macquarie Group Ltd. now owns 693,598 shares of the company’s stock worth $21,325,000 after buying an additional 160,774 shares during the period. Mason Street Advisors LLC purchased a new position in Tetra Tech during the second quarter worth approximately $348,000. Finally, Public Employees Retirement System of Ohio boosted its position in Tetra Tech by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 51,564 shares of the company’s stock worth $1,585,000 after buying an additional 150 shares during the period. Institutional investors own 89.12% of the company’s stock.
Tetra Tech Company Profile