Tetra Tech Stock Scheduled to Split on Monday, September 9th (NASDAQ:TTEK)

Tetra Tech, Inc. (NASDAQ:TTEK)’s stock is set to split on the morning of Monday, September 9th. The 5-1 split was announced on Wednesday, July 31st. The newly issued shares will be payable to shareholders after the closing bell on Friday, September 6th.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $233.32 on Thursday. Tetra Tech has a one year low of $143.35 and a one year high of $241.31. The company has a market cap of $12.48 billion, a PE ratio of 47.23 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.21 and a current ratio of 1.21. The business has a 50-day simple moving average of $218.49 and a 200-day simple moving average of $204.15.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.05. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a return on equity of 21.50% and a net margin of 5.72%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 earnings per share. On average, equities research analysts forecast that Tetra Tech will post 6.24 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, August 15th. Tetra Tech’s payout ratio is 23.48%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TTEK. KeyCorp boosted their target price on Tetra Tech from $234.00 to $247.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Robert W. Baird boosted their price objective on Tetra Tech from $223.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Royal Bank of Canada boosted their price objective on Tetra Tech from $233.00 to $259.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. StockNews.com cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Finally, Maxim Group boosted their price objective on Tetra Tech from $234.00 to $268.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $245.80.

Insider Buying and Selling

In related news, CEO Dan L. Batrack sold 17,924 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $227.72, for a total transaction of $4,081,653.28. Following the transaction, the chief executive officer now owns 24,877 shares of the company’s stock, valued at $5,664,990.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Tetra Tech news, CEO Dan L. Batrack sold 17,924 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $227.72, for a total value of $4,081,653.28. Following the sale, the chief executive officer now owns 24,877 shares of the company’s stock, valued at $5,664,990.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Preston Hopson III sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $233.07, for a total value of $1,165,350.00. Following the completion of the sale, the senior vice president now directly owns 8,742 shares in the company, valued at approximately $2,037,497.94. The disclosure for this sale can be found here. Insiders have sold 34,085 shares of company stock valued at $7,611,238 over the last quarter. Company insiders own 0.61% of the company’s stock.

Institutional Trading of Tetra Tech

Several large investors have recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in Tetra Tech by 17.8% in the second quarter. Cetera Investment Advisers now owns 10,137 shares of the industrial products company’s stock valued at $2,073,000 after purchasing an additional 1,532 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in 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 purchasing an additional 1,300 shares during the last quarter. Quarry LP acquired a new stake in Tetra Tech in the second quarter valued at $54,000. Algert Global LLC boosted its stake in shares of Tetra Tech by 41.1% during the second quarter. Algert Global LLC now owns 21,327 shares of the industrial products company’s stock valued at $4,361,000 after acquiring an additional 6,214 shares during the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in shares of Tetra Tech by 16.1% during the second quarter. Driehaus Capital Management LLC now owns 336,060 shares of the industrial products company’s stock valued at $68,718,000 after acquiring an additional 46,696 shares during the last quarter. Institutional investors and hedge funds 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.