Northwest & Ethical Investments L.P. Acquires New Stake in Tetra Tech, Inc. $TTEK

Northwest & Ethical Investments L.P. bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 69,945 shares of the industrial products company’s stock, valued at approximately $2,515,000.

Several other hedge funds also recently modified their holdings of TTEK. North Star Asset Management Inc. acquired a new position in shares of Tetra Tech in the second quarter valued at approximately $414,000. Advisors Asset Management Inc. grew its stake in Tetra Tech by 5.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 113,660 shares of the industrial products company’s stock worth $4,087,000 after acquiring an additional 6,107 shares during the period. XTX Topco Ltd raised its holdings in Tetra Tech by 304.9% in the 2nd quarter. XTX Topco Ltd now owns 52,866 shares of the industrial products company’s stock valued at $1,901,000 after acquiring an additional 39,811 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in shares of Tetra Tech by 360.7% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 38,047 shares of the industrial products company’s stock worth $1,368,000 after purchasing an additional 29,788 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in shares of Tetra Tech during the 2nd quarter worth $262,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $34.78 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $43.50. The firm has a market capitalization of $9.07 billion, a P/E ratio of 43.48 and a beta of 0.96. The business’s 50-day simple moving average is $33.68 and its 200-day simple moving average is $35.31.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The company’s revenue was up 1.6% on a year-over-year basis. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. Equities analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, December 1st. Tetra Tech’s dividend payout ratio (DPR) is currently 27.96%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $48.00 price target (up previously from $47.00) on shares of Tetra Tech in a report on Friday, November 14th. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Thursday, November 13th. National Bank Financial initiated coverage on shares of Tetra Tech in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 target price on the stock. Finally, Robert W. Baird upped their price target on shares of Tetra Tech from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.20.

About Tetra Tech

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.