Tetra Tech (NASDAQ:TTEK) Shares Set to Split on Monday, September 9th

Tetra Tech (NASDAQ:TTEK) is set for a 5-1 stock split on September 9th, following the announcement on July 31st. New shares will be issued after the market closes on September 6th. Tetra Tech's shares rose by 0.5% recently, with a current market cap of $0.61 billion. The company reported Q2 earnings of $0.59 EPS versus the $0.54 estimation, with a revenue increase of 10.7%. A quarterly dividend of $0.29 will be paid on August 30th. Analysts largely maintain a "buy" rating for TTEK, with a consensus target of $85.80.

Shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) are scheduled 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 Up 0.5 %

Shares of TTEK opened at $235.71 on Friday. Tetra Tech has a 52 week low of $143.35 and a 52 week high of $237.32. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 47.71 and a beta of 0.93. The stock's 50-day moving average price is $214.49 and its 200-day moving average price is $200.68.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its earnings results 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. Tetra Tech had a return on equity of 21.50% and a net margin of 5.72%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The company's revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts predict that Tetra Tech will post 6.24 EPS for the current year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.16 dividend on an annualized basis and a yield of 0.49%. Tetra Tech's dividend payout ratio is currently 23.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TTEK shares. KeyCorp increased their price target on Tetra Tech from $234.00 to $247.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Northcoast Research upgraded Tetra Tech from a "neutral" rating to a "buy" rating and set a $225.00 price target on the stock in a research report on Thursday, May 2nd. StockNews.com upgraded Tetra Tech from a "hold" rating to a "buy" rating in a research report on Monday, August 5th. Maxim Group increased their price target on Tetra Tech from $234.00 to $268.00 and gave the stock a "buy" rating in a research report on Thursday, May 16th. Finally, Robert W. Baird increased their target price on Tetra Tech from $223.00 to $230.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Tetra Tech presently has an average rating of "Moderate Buy" and a consensus price target of $245.80.

View Our Latest Research Report on TTEK

Insider Activity at Tetra Tech

In related news, SVP Preston Hopson III sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was 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 owns 8,742 shares of the company's stock, valued at $2,037,497.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Preston Hopson III sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was 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 owns 8,742 shares of the company's stock, valued at $2,037,497.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Leslie L. Shoemaker sold 11,161 shares of the firm's stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $211.83, for a total value of $2,364,234.63. Following the sale, the executive vice president now directly owns 74,887 shares of the company's stock, valued at approximately $15,863,313.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,085 shares of company stock valued at $7,611,238. 0.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tetra Tech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTEK. GAMMA Investing LLC acquired a new stake in Tetra Tech during the fourth quarter worth $38,000. Semanteon Capital Management LP purchased a new position in shares of Tetra Tech during the fourth quarter worth $696,000. Bahl & Gaynor Inc. boosted its position in shares of Tetra Tech by 1.3% during the fourth quarter. Bahl & Gaynor Inc. now owns 38,346 shares of the industrial products company's stock worth $6,401,000 after buying an additional 481 shares during the period. Gitterman Wealth Management LLC boosted its position in shares of Tetra Tech by 15.5% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,659 shares of the industrial products company's stock worth $277,000 after buying an additional 223 shares during the period. Finally, Retirement Systems of Alabama boosted its position in shares of Tetra Tech by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 77,406 shares of the industrial products company's stock worth $12,921,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 93.89% of the company's stock.

Tetra Tech Company Profile

(Get Free Report)

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.

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