Tetra Tech Stock Scheduled to Split on Monday, September 9th (NASDAQ:TTEK)

Tetra Tech, Inc. (NASDAQ:TTEK)’s stock is scheduled to split on Monday, September 9th. The 5-1 split was announced on Wednesday, July 31st. The newly issued shares will be payable to shareholders after the market closes on Friday, September 6th.

Tetra Tech Stock Up 0.1 %

TTEK opened at $233.32 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.52. The firm has a market cap of $12.48 billion, a P/E ratio of 47.23 and a beta of 0.93. Tetra Tech has a 52 week low of $143.35 and a 52 week high of $241.31. The business’s fifty day simple moving average is $218.49 and its 200 day simple moving average is $204.15.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.05. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.08 billion. Tetra Tech had a return on equity of 21.50% and a net margin of 5.72%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 earnings per share. As a group, equities research analysts anticipate that Tetra Tech will post 6.24 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.16 annualized dividend and a yield of 0.50%. Tetra Tech’s dividend payout ratio (DPR) is presently 23.48%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. KeyCorp increased their target price on Tetra Tech from $234.00 to $247.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. StockNews.com downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Royal Bank of Canada increased their target price on Tetra Tech from $233.00 to $259.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Maxim Group increased their target price on Tetra Tech from $234.00 to $268.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, Robert W. Baird increased their target price on Tetra Tech from $223.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $245.80.

Insider Transactions at Tetra Tech

In other news, SVP Preston Hopson III sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $233.07, for a total value of $1,165,350.00. Following the transaction, the senior vice president now directly owns 8,742 shares in the company, valued at approximately $2,037,497.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Preston Hopson III sold 5,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $233.07, for a total value of $1,165,350.00. Following the completion of the sale, the senior vice president now owns 8,742 shares in the company, valued at $2,037,497.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dan L. Batrack sold 17,924 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $227.72, for a total value of $4,081,653.28. Following the completion of the sale, the chief executive officer now owns 24,877 shares of the company’s stock, valued at approximately $5,664,990.44. The disclosure for this sale can be found here. Insiders have sold a total of 34,085 shares of company stock worth $7,611,238 in the last three months. 0.61% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tetra Tech

A number of large investors have recently modified their holdings of the stock. Jump Financial LLC grew its stake in Tetra Tech by 743.1% during the 4th quarter. Jump Financial LLC now owns 22,232 shares of the industrial products company’s stock valued at $3,711,000 after purchasing an additional 19,595 shares in the last quarter. Natixis Advisors L.P. acquired a new stake in Tetra Tech during the 4th quarter valued at approximately $1,821,000. Nwam LLC acquired a new stake in Tetra Tech during the 1st quarter valued at approximately $1,123,000. Sarasin & Partners LLP grew its stake in Tetra Tech by 2.6% during the 1st quarter. Sarasin & Partners LLP now owns 1,253,981 shares of the industrial products company’s stock valued at $231,623,000 after purchasing an additional 32,053 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Tetra Tech by 88.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,384 shares of the industrial products company’s stock valued at $2,288,000 after purchasing an additional 5,819 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

About Tetra Tech

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.