Tetra Tech Inc. Executive Vice President Sells $3.6 Million Worth of Stock - Latest Insider Transactions Revealed
In a recent SEC filing, Leslie L. Shoemaker, the Executive Vice President and Chief Sustainability Officer of Tetra Tech Inc. (NASDAQ:), sold 78,420 shares of the company's common stock on September 10, 2024. The total value of these transactions amounted to over $3.6 million, with shares sold at a weighted average price of $46.111.
Shoemaker's remaining stake in the company after the sale is reported to be 296,015 shares of common stock. This sale represents a significant change in Shoemaker's holdings in Tetra Tech, following a recent adjustment due to a forward stock split.
Tetra Tech, based in Pasadena, California, is a leading player in the engineering services industry with a focus on sustainability and innovative solutions. The company recently reported record quarterly revenue and announced significant developments, including a new contract with USAID and a forward stock split.
Analyzing Tetra Tech's financial health and market position, the company boasts a robust market capitalization of $12.33 billion. With a high earnings multiple and a consistent history of dividend payments and growth, Tetra Tech may be an attractive investment option for those seeking long-term stability and returns.
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In conclusion, Tetra Tech's recent executive transactions and financial developments underscore the company's strong performance and growth potential in the engineering services sector. Investors may find Tetra Tech to be a promising investment opportunity based on its track record and commitment to sustainability and innovation.