Shares of Tetra Tech, Inc. (NASDAQ:TTEK) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $71.15 and last traded at $70.70, with a volume of 2488 shares changing hands. The stock had previously closed at $70.20.

Several analysts have recently issued reports on the company. BidaskClub upgraded Tetra Tech from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Investment Research downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Monday, July 9th. Canaccord Genuity restated a “buy” rating and issued a $73.00 price objective (up from $60.00) on shares of Tetra Tech in a research report on Thursday, August 2nd. Finally, Roth Capital increased their target price on Tetra Tech from $59.00 to $73.00 and gave the stock a “buy” rating in a research report on Monday, August 6th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $65.00.

The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 1.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.01 and a quick ratio of 2.01.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, August 1st. The industrial products company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.06. Tetra Tech had a return on equity of 15.31% and a net margin of 4.82%. The firm had revenue of $761.50 million for the quarter, compared to the consensus estimate of $540.99 million. During the same period in the prior year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. analysts expect that Tetra Tech, Inc. will post 2.66 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Thursday, August 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, August 15th. This represents a $0.48 annualized dividend and a yield of 0.68%. Tetra Tech’s dividend payout ratio (DPR) is presently 22.54%.

In related news, SVP Jan K. Auman sold 1,979 shares of the stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $68.70, for a total transaction of $135,957.30. Following the transaction, the senior vice president now directly owns 9,032 shares in the company, valued at $620,498.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TTEK. Mount Yale Investment Advisors LLC purchased a new position in Tetra Tech during the first quarter worth about $101,000. Whittier Trust Co. of Nevada Inc. increased its stake in Tetra Tech by 80.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,500 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 2,000 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Tetra Tech during the first quarter worth about $201,000. Tocqueville Asset Management L.P. acquired a new stake in Tetra Tech during the second quarter worth about $205,000. Finally, Laurel Wealth Advisors Inc. acquired a new stake in Tetra Tech during the first quarter worth about $220,000. Hedge funds and other institutional investors own 85.62% of the company’s stock.

About Tetra Tech (NASDAQ:TTEK)

Tetra Tech, Inc provides consulting and engineering services worldwide. It operates through two segments, Water, Environment and Infrastructure (WEI); and Resource Management and Energy (RME). The WEI 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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