Tetra Tech (NASDAQ:TTEK) Hits New 12-Month High – Still a Buy?

Tetra Tech, Inc. (NASDAQ:TTEK) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $41.12 and last traded at $40.8110, with a volume of 398377 shares trading hands. The stock had previously closed at $40.72.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TTEK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, January 21st. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Northcoast Research raised Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, November 13th. National Bank Financial started coverage on shares of Tetra Tech in a research report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price on the stock. Finally, Robert W. Baird set a $43.00 price target on shares of Tetra Tech in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.60.

Tetra Tech Stock Up 0.9%

The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 30.90 and a beta of 0.91. The company has a current ratio of 1.31, a quick ratio of 1.18 and a debt-to-equity ratio of 0.45. The firm’s 50 day simple moving average is $35.45 and its 200-day simple moving average is $35.19.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, January 28th. The industrial products company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $974.28 million. During the same quarter last year, the business earned $0.35 EPS. The business’s revenue was down 13.4% on a year-over-year basis. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. On average, sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is currently 19.55%.

Institutional Trading of Tetra Tech

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in shares of Tetra Tech during the 4th quarter valued at approximately $225,000. AQR Capital Management LLC increased its stake in Tetra Tech by 451.6% in the 1st quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock valued at $4,204,000 after purchasing an additional 118,774 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Tetra Tech by 136.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock worth $48,507,000 after purchasing an additional 957,050 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 751 shares during the last quarter. Finally, Clear Creek Financial Management LLC boosted its position in Tetra Tech by 20.2% during the second quarter. Clear Creek Financial Management LLC now owns 12,609 shares of the industrial products company’s stock worth $453,000 after purchasing an additional 2,121 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Company Profile

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.