CVA Family Office LLC Acquires Shares of 2,220 Tetra Tech, Inc. $TTEK

CVA Family Office LLC bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,220 shares of the industrial products company’s stock, valued at approximately $80,000.

Several other large investors have also added to or reduced their stakes in the business. US Bancorp DE increased its holdings in Tetra Tech by 1.7% during the 2nd quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock worth $659,000 after purchasing an additional 299 shares in the last quarter. Ethic Inc. boosted its position in shares of Tetra Tech by 1.2% during the first quarter. Ethic Inc. now owns 28,745 shares of the industrial products company’s stock valued at $849,000 after buying an additional 334 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Tetra Tech by 22.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company’s stock valued at $74,000 after buying an additional 377 shares during the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Tetra Tech by 1.3% during the second quarter. Legacy Wealth Asset Management LLC now owns 30,713 shares of the industrial products company’s stock worth $1,104,000 after buying an additional 391 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its position in Tetra Tech by 5.6% in the 2nd quarter. Verdence Capital Advisors LLC now owns 8,195 shares of the industrial products company’s stock valued at $295,000 after buying an additional 434 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Up 0.1%

TTEK opened at $33.78 on Monday. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The company’s 50-day moving average price is $34.93 and its two-hundred day moving average price is $34.91. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 42.23 and a beta of 0.94. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. Tetra Tech’s revenue was up 1.9% on a year-over-year basis. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. As a group, equities analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TTEK. Northcoast Research reaffirmed a “neutral” rating on shares of Tetra Tech in a report on Wednesday, October 1st. Royal Bank Of Canada set a $47.00 price target on shares of Tetra Tech and gave the stock an “outperform” rating in a report on Monday, September 29th. KeyCorp increased their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research note on Friday. Finally, Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $41.00.

Insider Buying and Selling at Tetra Tech

In related news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of the sale, the director owned 37,725 shares of the company’s stock, valued at approximately $1,358,100. This trade represents a 5.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.40% of the company’s stock.

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.