Analysts’ Weekly Ratings Changes for Tetra Tech (TTEK)

Posted by Cheyenne Larson on Dec 2nd, 2024

Several analysts have recently updated their ratings and price targets for Tetra Tech (NASDAQ: TTEK):

11/15/2024 – Tetra Tech had its price target lowered by analysts at KeyCorp from $56.00 to $49.00. They now have an “overweight” rating on the stock.
11/15/2024 – Tetra Tech had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $52.00 price target on the stock.
11/15/2024 – Tetra Tech was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
11/14/2024 – Tetra Tech had its price target raised by analysts at Robert W. Baird from $46.00 to $47.00. They now have a “neutral” rating on the stock.
10/15/2024 – Tetra Tech was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
10/8/2024 – Tetra Tech had its price target raised by analysts at KeyCorp from $49.00 to $56.00. They now have an “overweight” rating on the stock.
10/4/2024 – Tetra Tech was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Tetra Tech Stock Performance

Tetra Tech stock opened at $41.51 on Monday. Tetra Tech, Inc. has a fifty-two week low of $30.92 and a fifty-two week high of $51.20. The company has a market capitalization of $11.11 billion, a PE ratio of 33.69 and a beta of 0.94. The company has a 50 day moving average price of $46.58 and a 200-day moving average price of $44.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.25 and a current ratio of 1.25.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a $0.058 dividend. This represents a $0.23 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Wednesday, November 27th. Tetra Tech’s dividend payout ratio is 18.67%.

Insider Transactions at Tetra Tech

In related news, Director Kimberly E. Ritrievi sold 6,500 shares of Tetra Tech stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.48, for a total transaction of $302,120.00. Following the transaction, the director now directly owns 143,200 shares of the company’s stock, valued at $6,655,936. This trade represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Steven M. Burdick sold 36,830 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $46.57, for a total value of $1,715,173.10. Following the sale, the chief financial officer now owns 112,620 shares of the company’s stock, valued at approximately $5,244,713.40. This represents a 24.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,750 shares of company stock valued at $5,633,239. 0.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tetra Tech

A number of institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its position in shares of Tetra Tech by 629.3% during the third quarter. Allworth Financial LP now owns 547 shares of the industrial products company’s stock valued at $26,000 after buying an additional 472 shares during the last quarter. LGT Financial Advisors LLC raised its stake in shares of Tetra Tech by 400.0% during the 3rd quarter. LGT Financial Advisors LLC now owns 555 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 444 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Tetra Tech during the second quarter valued at approximately $28,000. Venturi Wealth Management LLC grew its holdings in Tetra Tech by 3,261.1% in the third quarter. Venturi Wealth Management LLC now owns 605 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 587 shares during the last quarter. Finally, Canton Hathaway LLC increased its position in shares of Tetra Tech by 400.0% during the third quarter. Canton Hathaway LLC now owns 645 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 516 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project 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.