Night Squared LP bought a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 72,833 shares of the industrial products company’s stock, valued at approximately $2,443,000.
Several other institutional investors and hedge funds also recently bought and sold shares of TTEK. Capital International Investors lifted its position in Tetra Tech by 249.1% during the third quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock valued at $236,320,000 after purchasing an additional 5,051,485 shares in the last quarter. Norges Bank purchased a new position in Tetra Tech during the fourth quarter valued at $115,162,000. Impax Asset Management Group plc purchased a new position in Tetra Tech during the fourth quarter valued at $107,603,000. Sands Capital Management LLC lifted its position in Tetra Tech by 38.0% during the third quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company’s stock valued at $239,636,000 after purchasing an additional 1,978,697 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in Tetra Tech by 84.9% during the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock valued at $147,095,000 after purchasing an additional 1,847,087 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Tetra Tech
In other Tetra Tech news, Director Jeffrey R. Feeler acquired 1,900 shares of the stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the transaction, the director directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Analysis on TTEK
Tetra Tech Price Performance
Shares of Tetra Tech stock opened at $28.37 on Wednesday. The stock’s 50-day simple moving average is $29.35 and its 200-day simple moving average is $32.97. Tetra Tech, Inc. has a 52 week low of $25.81 and a 52 week high of $43.14. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 16.99 and a beta of 0.93. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47.
Tetra Tech (NASDAQ:TTEK – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the previous year, the business earned $0.33 earnings per share. The business’s revenue was down 7.7% on a year-over-year basis. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. As a group, analysts expect that Tetra Tech, Inc. will post 1.53 earnings per share for the current fiscal year.
Tetra Tech Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were given a $0.072 dividend. The ex-dividend date was Thursday, May 14th. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a dividend yield of 1.0%. Tetra Tech’s dividend payout ratio (DPR) is presently 17.37%.
Tetra Tech 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.
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