Tetra Tech, Inc (NASDAQ: TTEK) is 22.69% higher on its value in year-to-date trading and has touched a low of $30.92 and a high of $51.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TTEK stock was last observed hovering at around $47.35 in the last trading session, with the day’s loss setting it -6.39%.
Currently trading at $40.96, the stock is -14.98% and -14.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.89 million and changing -13.50% at the moment leaves the stock -2.94% off its SMA200. TTEK registered 27.22% gain for a year compared to 6-month gain of -6.24%. The firm has a 50-day simple moving average (SMA 50) of $47.67892 and a 200-day simple moving average (SMA200) of $42.19886.
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The stock witnessed a -16.17% loss in the last 1 month and extending the period to 3 months gives it a -10.58%, and is -13.69% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.84% over the week and 2.86% over the month.
Tetra Tech, Inc (TTEK) has around 27000 employees, a market worth around $10.96B and $5.20B in sales. Current P/E ratio is 33.29 and Fwd P/E is 23.61. Profit margin for the company is 6.41%. Distance from 52-week low is 32.46% and -20.00% from its 52-week high. The company has generated returns on investments over the last 12 months (11.98%).
The EPS is expected to grow by 18.25% this year
862.0 institutions hold shares in Tetra Tech, Inc (TTEK), with institutional investors hold 96.39% of the company’s shares. The shares outstanding are 267.72M, and float is at 266.56M with Short Float at 1.47%. Institutions hold 96.02% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.27 million shares valued at $1.08 billion. The investor’s holdings represent 9.8474 of the TTEK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.17 million shares valued at $1.06 billion to account for 9.658 of the shares outstanding. The other top investors are PICTET ASSET MANAGEMENT HOLDING SA which holds 2.62 million shares representing 4.9018 and valued at over $536.08 million, while ALLIANCEBERNSTEIN L.P. holds 4.5481 of the shares totaling 2.43 million with a market value of $497.4 million.
Tetra Tech, Inc (TTEK) Insider Activity
The most recent transaction is an insider sale by BURDICK STEVEN M, the company’s EVP, CFO. SEC filings show that BURDICK STEVEN M sold 36,830 shares of the company’s common stock on Sep 11 ’24 at a price of $46.57 per share for a total of $1.72 million. Following the sale, the insider now owns 0.11 million shares.
Tetra Tech, Inc disclosed in a document filed with the SEC on Sep 11 ’24 that Ritrievi Kimberly E (Director) sold a total of 6,500 shares of the company’s common stock. The trade occurred on Sep 11 ’24 and was made at $46.48 per share for $0.3 million. Following the transaction, the insider now directly holds 0.14 million shares of the TTEK stock.
Still, SEC filings show that on Sep 10 ’24, SHOEMAKER LESLIE L (EVP, Chief Sustainability) disposed off 78,420 shares at an average price of $46.11 for $3.62 million. The insider now directly holds 296,015 shares of Tetra Tech, Inc (TTEK).
