Among 12 analysts covering TETRA Tech (NASDAQ:TTEK), 7 have Buy rating, 0 Sell and 5 Hold. Winslow Asset Management Inc sold 99,974 shares as the company's stock rose 3.90% with the market. Wedbush downgraded Tetra Tech, Inc.
Other hedge funds and other institutional investors have also modified their holdings of the company. LS Investment Advisors LLC boosted its position in Tetra Tech by 117.6% in the first quarter. Texas Permanent School Fund now owns 84,657 shares of the oil and gas company's stock valued at $236,000 after buying an additional 938 shares during the last quarter. The stock carved out a 52-week low down at $2.40. Karp Capital Management Corp acquired a new position in Tetra Technologies during the first quarter worth about $121,000. Parametric Portfolio Associates LLC owns 246,633 shares valued at $11,283,000. Vanguard Group Inc. raised its stake in shares of Tetra Tech by 6.2% in the first quarter. California Public Employees Retirement System now owns 194,000 shares worth $8,876,000. PA raised its stake in shares of Tetra Tech by 79.7% in the first quarter. First National Bank of Omaha now owns 28,776 shares of the industrial products company's stock valued at $1,175,000 after buying an additional 6,775 shares during the period.
Tetra Tech, Inc. has a 12 month low of $32.63 and a 12 month high of $48.35.
Managed Asset Portfolios Llc decreased its stake in Tetra Tech Inc New (TTEK) by 2.52% based on its latest 2016Q4 regulatory filing with the SEC. Credit Suisse both upgraded the stock and raised the price target on June 1 changing the price target from $8.00 to $9.00 and altering the rating from "Neutral" to "Outperform".
The P/E ratio is now 21.19 and the market cap of the company is 2.36B.
Company chares are trading at $41.80 quite a bit lower than the 50 day moving average of $45.60 and a tad below the 200 day moving average of $43.58.
On Tuesday July 04, 2017, Zacks Investment Research released a statement for Tetra Tech, Inc. Tetra Tech had a return on equity of 13.65% and a net margin of 4.17%. The business had revenue of $208.37 million for the quarter, compared to analysts' expectations of $204.19 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. State Street Corp now owns 1,428,061 shares of the industrial products company's stock valued at $58,339,000 after buying an additional 90,381 shares in the last quarter. On average, analysts forecast that Tetra Tech, Inc. will post $2.11 EPS for the current year. Additionally the company announced a dividend for shareholders that will be paid on Friday the 1st of September 2017. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Tuesday, August 15th.
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Several research analysts have commented on the stock. Roth Capital set a $52.00 price target on Tetra Tech and gave the stock a "buy" rating in a report on Wednesday, August 2nd. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.10 per share. BidaskClub cut Tetra Tech from a "buy" rating to a "hold" rating in a report on Saturday, August 5th.
In related news, CFO Steven M. Burdick sold 16,750 shares of the firm's stock in a transaction on Tuesday, May 23rd. Bank Of Montreal sold 56,609 shares as Ensco Plc (ESV)'s stock declined 27.69%. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Its last month's stock price volatility remained 3.37% which for the week stands at 2.42%.
TETRA Technologies, Inc.is an oil and gas services company. The Company's divisions include Water, Environment and Infrastructure, Resource Management and Energy (RME), and Remediation and Construction Management (RCM).
Thermon Group Holdings, Inc.is a provider of engineered thermal solutions for process industries.