Tetra Tech (NASDAQ:TTEK) Sets New 1-Year Low – Should You Sell?

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) reached a new 52-week low on Friday . The company traded as low as $31.09 and last traded at $36.57, with a volume of 17490964 shares trading hands. The stock had previously closed at $37.67.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TTEK shares. KeyCorp reduced their price target on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Royal Bank of Canada reissued an “outperform” rating and set a $52.00 price objective on shares of Tetra Tech in a research note on Friday, November 15th. Finally, Robert W. Baird upped their target price on shares of Tetra Tech from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Tetra Tech currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.32.

Tetra Tech Trading Down 2.9 %

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average of $40.83 and a 200-day moving average of $44.23. The firm has a market capitalization of $9.80 billion, a P/E ratio of 29.68 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, January 29th. The industrial products company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Tetra Tech had a net margin of 6.41% and a return on equity of 20.64%. Analysts anticipate that Tetra Tech, Inc. will post 1.45 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.058 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.23 annualized dividend and a dividend yield of 0.63%. Tetra Tech’s dividend payout ratio is currently 18.67%.

Institutional Trading of Tetra Tech

A number of institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in shares of Tetra Tech by 14.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,056 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 502 shares in the last quarter. Quarry LP acquired a new stake in shares of Tetra Tech in the 2nd quarter valued at approximately $54,000. Point72 Asset Management L.P. grew its stake in shares of Tetra Tech by 37.1% in the second quarter. Point72 Asset Management L.P. now owns 4,800 shares of the industrial products company’s stock valued at $982,000 after buying an additional 1,300 shares in the last quarter. Cetera Investment Advisers increased its holdings in Tetra Tech by 17.8% during the second quarter. Cetera Investment Advisers now owns 10,137 shares of the industrial products company’s stock worth $2,073,000 after buying an additional 1,532 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Tetra Tech in the second quarter valued at $995,000. Institutional investors 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.