Thrivent Financial for Lutherans Has $2.99 Million Holdings in Tetra Tech, Inc. (NASDAQ:TTEK)

Thrivent Financial for Lutherans lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 386.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,336 shares of the industrial products company’s stock after purchasing an additional 50,311 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Tetra Tech were worth $2,987,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TTEK. Banque Cantonale Vaudoise purchased a new position in shares of Tetra Tech during the second quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its holdings in Tetra Tech by 561.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 205 shares of the industrial products company’s stock worth $44,000 after acquiring an additional 174 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Tetra Tech in the 2nd quarter worth $51,000. Quarry LP purchased a new stake in shares of Tetra Tech in the second quarter valued at about $54,000. Finally, CWM LLC lifted its position in shares of Tetra Tech by 20.2% during the second quarter. CWM LLC now owns 304 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 51 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Robert W. Baird increased their price objective 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. StockNews.com lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, November 15th. KeyCorp reduced their price objective on Tetra Tech from $56.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $52.00 target price on shares of Tetra Tech in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.32.

Insider Buying and Selling at Tetra Tech

In related news, CFO Steven M. Burdick sold 36,830 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $46.57, for a total transaction of $1,715,173.10. Following the completion of the transaction, the chief financial officer now owns 112,620 shares of the company’s stock, valued at approximately $5,244,713.40. The trade was a 24.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimberly E. Ritrievi sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $46.48, for a total transaction of $302,120.00. Following the sale, the director now directly owns 143,200 shares in the company, valued at $6,655,936. This trade represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,750 shares of company stock valued at $5,633,239 in the last 90 days. 0.61% of the stock is currently owned by company insiders.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $41.64 on Wednesday. The company has a market capitalization of $11.15 billion, a P/E ratio of 33.93 and a beta of 0.94. The business has a fifty day simple moving average of $46.95 and a two-hundred day simple moving average of $44.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 1.25. Tetra Tech, Inc. has a 1 year low of $30.92 and a 1 year high of $51.20.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.23 dividend on an annualized basis and a yield of 0.56%. Tetra Tech’s dividend payout ratio is 18.70%.

Tetra Tech Profile

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.