440,672 Shares in Tetra Tech, Inc. $TTEK Bought by one8zero8 LLC

one8zero8 LLC purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEKFree Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 440,672 shares of the industrial products company’s stock, valued at approximately $12,731,000. Tetra Tech makes up approximately 2.5% of one8zero8 LLC’s portfolio, making the stock its 8th largest position. one8zero8 LLC owned 0.17% of Tetra Tech at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Tetra Tech in the 4th quarter worth about $115,162,000. Impax Asset Management Group plc bought a new position in shares of Tetra Tech during the fourth quarter worth about $107,603,000. Energy Income Partners LLC bought a new position in shares of Tetra Tech during the second quarter worth about $68,512,000. AQR Capital Management LLC grew its stake in Tetra Tech by 351.6% in the fourth quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock worth $96,440,000 after purchasing an additional 2,238,721 shares in the last quarter. Finally, Capital International Investors increased its holdings in Tetra Tech by 27.4% in the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock valued at $302,416,000 after buying an additional 1,936,902 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TTEK shares. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Robert W. Baird set a $37.00 target price on Tetra Tech in a research report on Thursday, July 30th. Royal Bank Of Canada dropped their price target on 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 price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Weiss Ratings raised shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.25.

Check Out Our Latest Stock Report on TTEK

Tetra Tech Stock Up 3.4%

NASDAQ:TTEK opened at $36.60 on Thursday. The firm has a market capitalization of $9.37 billion, a PE ratio of 22.05 and a beta of 0.90. The stock has a 50 day moving average of $31.51 and a 200-day moving average of $31.89. Tetra Tech, Inc. has a 52 week low of $25.81 and a 52 week high of $43.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43.

Tetra Tech (NASDAQ:TTEKGet Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm 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. Analysts predict that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently announced 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. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is presently 16.87%.

About Tetra Tech

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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