State of Wyoming acquired a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,178 shares of the industrial products company’s stock, valued at approximately $641,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Corp boosted its holdings in Tetra Tech by 50.4% during the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 295 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in Tetra Tech by 63.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after buying an additional 341 shares during the period. OP Asset Management Ltd acquired a new stake in shares of Tetra Tech during the first quarter worth approximately $34,000. Evelyn Partners Investment Management Services Ltd purchased a new position in Tetra Tech during the first quarter valued at approximately $35,000. Finally, Geneos Wealth Management Inc. increased its stake in Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares during the period. 93.89% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Royal Bank Of Canada cut their price objective on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. National Bank Financial reduced their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Finally, Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.25.
Tetra Tech Stock Performance
Tetra Tech stock opened at $36.51 on Monday. The business has a 50 day moving average price of $31.01 and a two-hundred day moving average price of $31.92. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 21.99 and a beta of 0.90. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.
Tetra Tech (NASDAQ:TTEK – Get Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. As a group, equities analysts forecast that Tetra Tech, Inc. will post 1.58 EPS for the current year.
Tetra Tech Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a $0.072 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%. Tetra Tech’s payout ratio is currently 16.87%.
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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