Shares of Tetra Tech Inc. (NASDAQ:TTEK) reached a new 52-week high during trading on Monday . The company traded as high as $34.37 and last traded at $34.27, with a volume of 127,398 shares. The stock had previously closed at $34.00.

TTEK has been the subject of a number of research analyst reports. FBR & Co lifted their target price on Tetra Tech from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Friday, July 29th. Oppenheimer Holdings Inc. lowered Tetra Tech to a “hold” rating in a report on Thursday, April 28th. Canaccord Genuity reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Tetra Tech in a report on Thursday, July 7th. Zacks Investment Research lowered Tetra Tech from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Finally, Wedbush lowered Tetra Tech from an “outperform” rating to a “neutral” rating and set a $31.00 price objective for the company. in a report on Wednesday, April 20th. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $32.60.

The company has a market capitalization of $1.97 billion and a price-to-earnings ratio of 96.32. The stock’s 50 day moving average is $31.99 and its 200-day moving average is $29.60.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, July 27th. The company reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. During the same period last year, the business earned $0.43 earnings per share. The business earned $667 million during the quarter, compared to analysts’ expectations of $498.79 million. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities research analysts expect that Tetra Tech Inc. will post $1.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Friday, August 12th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Wednesday, August 10th.

In other Tetra Tech news, EVP Leslie L. Shoemaker sold 16,750 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $33.42, for a total value of $559,785.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Richard A. Lemmon sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The stock was sold at an average price of $31.25, for a total transaction of $250,000.00. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Bank of Montreal Can raised its position in Tetra Tech by 9.7% in the fourth quarter. Bank of Montreal Can now owns 51,894 shares of the company’s stock worth $1,351,000 after buying an additional 4,609 shares during the period. KBC Group NV raised its stake in 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. Finally, Dimensional Fund Advisors LP raised its stake in Tetra Tech by 11.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,512,565 shares of the company’s stock valued at $91,398,000 after buying an additional 371,884 shares during the last quarter.

Tetra Tech, Inc is a provider of consulting, engineering, program management, construction management, and technical services. The Company’s segments include Water, Environment and Infrastructure (WEI), Resource Management and Energy (RME), and Remediation and Construction Management (RCM). The WEI segment provides consulting and engineering services.

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