Steven M. Burdick Sells 16,229 Shares of Tetra Tech, Inc. (NASDAQ:TTEK) Stock

Tetra Tech, Inc. (NASDAQ:TTEK) CFO Steven M. Burdick sold 16,229 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $95.27, for a total value of $1,546,136.83. Following the sale, the chief financial officer now directly owns 76,718 shares of the company’s stock, valued at approximately $7,308,923.86. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Steven M. Burdick also recently made the following trade(s):

  • On Thursday, February 6th, Steven M. Burdick sold 23,143 shares of Tetra Tech stock. The shares were sold at an average price of $92.40, for a total value of $2,138,413.20.

Shares of Tetra Tech stock opened at $98.12 on Friday. The business has a fifty day simple moving average of $88.93 and a two-hundred day simple moving average of $85.41. Tetra Tech, Inc. has a 1 year low of $57.25 and a 1 year high of $98.62. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 1.76 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.47 and a quick ratio of 1.47.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 29th. The industrial products company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07. Tetra Tech had a return on equity of 18.34% and a net margin of 5.14%. The company had revenue of $614.02 million during the quarter, compared to the consensus estimate of $615.07 million. During the same quarter last year, the firm earned $0.70 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts anticipate that Tetra Tech, Inc. will post 3.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Tuesday, February 11th. Tetra Tech’s dividend payout ratio is currently 18.93%.

TTEK has been the subject of several research reports. Cfra downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. BidaskClub raised Tetra Tech from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Maxim Group raised their price target on Tetra Tech from $92.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $86.00.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC raised its position in shares of Tetra Tech by 62.0% during the third quarter. Parallel Advisors LLC now owns 337 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 129 shares during the period. First Citizens Bank & Trust Co. grew its stake in shares of Tetra Tech by 5.1% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,779 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 135 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Tetra Tech by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,021 shares of the industrial products company’s stock worth $605,000 after acquiring an additional 135 shares during the period. Texas Permanent School Fund grew its stake in shares of Tetra Tech by 0.4% during the 4th quarter. Texas Permanent School Fund now owns 37,339 shares of the industrial products company’s stock worth $3,217,000 after acquiring an additional 143 shares during the period. Finally, First Business Financial Services Inc. grew its stake in shares of Tetra Tech by 3.6% during the 3rd quarter. First Business Financial Services Inc. now owns 4,212 shares of the industrial products company’s stock worth $365,000 after acquiring an additional 147 shares during the period. 83.82% of the stock is owned by institutional investors.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through Government Services Group (GSG) and Commercial/International Services Group (CIG) segments. The GSG segment offers early data collection and monitoring, data analysis and information technology, science and engineering applied research, engineering design, construction 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.

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Insider Buying and Selling by Quarter for Tetra Tech (NASDAQ:TTEK)

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