Shares of Tetra Tech Inc. (NASDAQ:TTEK) hit a new 52-week high during trading on Thursday . The company traded as high as $32.30 and last traded at $32.09, with a volume of 277,962 shares. The stock had previously closed at $31.88.

TTEK has been the subject of a number of research analyst reports. Canaccord Genuity upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st. Sidoti began coverage on shares of Tetra Tech in a research report on Tuesday, April 19th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Tuesday, March 29th. Seaport Global Securities restated a “buy” rating on shares of Tetra Tech in a research report on Monday, April 11th. Finally, Oppenheimer Holdings Inc. lowered shares of Tetra Tech to a “hold” rating in a research report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $31.80.

The firm has a 50-day moving average price of $30.69 and a 200-day moving average price of $28.56. The stock has a market capitalization of $1.87 billion and a price-to-earnings ratio of 89.28.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.04. During the same period in the previous year, the company posted $0.31 earnings per share. The firm had revenue of $478.77 million for the quarter, compared to analysts’ expectations of $466.48 million. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that Tetra Tech Inc. will post $1.87 EPS for the current year.

In related news, Director Patrick C. Haden sold 8,000 shares of the stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $30.14, for a total value of $241,120.00. Following the completion of the transaction, the director now directly owns 18,055 shares of the company’s stock, valued at approximately $544,177.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven M. Burdick sold 16,750 shares of the stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $31.23, for a total transaction of $523,102.50. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in TTEK. Nationwide Fund Advisors raised its position in shares of Tetra Tech by 0.8% in the fourth quarter. Nationwide Fund Advisors now owns 51,986 shares of the company’s stock valued at $1,353,000 after buying an additional 409 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Tetra Tech by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 111,626 shares of the company’s stock valued at $2,905,000 after buying an additional 1,771 shares during the last quarter. SFE Investment Counsel raised its position in shares of Tetra Tech by 5.1% in the fourth quarter. SFE Investment Counsel now owns 50,270 shares of the company’s stock valued at $1,308,000 after buying an additional 2,435 shares during the last quarter. Bedell Frazier Investment Counseling LLC raised its position in shares of Tetra Tech by 3.5% in the fourth quarter. Bedell Frazier Investment Counseling LLC now owns 95,180 shares of the company’s stock valued at $2,477,000 after buying an additional 3,255 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Tetra Tech by 1.6% in the fourth quarter. KBC Group NV now owns 213,645 shares of the company’s stock valued at $5,559,000 after buying an additional 3,283 shares during the last quarter.

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management and technical services focusing on natural resource management, infrastructure, energy and the environment. The Company is a full-service company that leads with science. The Company serves public and private clients by addressing the fundamental needs for water, natural resources, environmental services, infrastructure and energy.

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