Tocqueville Asset Management L.P. purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,025 shares of the industrial products company’s stock, valued at approximately $434,000.
Other large investors have also made changes to their positions in the company. First Horizon Corp increased its holdings in Tetra Tech by 50.4% in the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after buying an additional 295 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Tetra Tech by 63.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 341 shares in the last quarter. OP Asset Management Ltd acquired a new stake in shares of Tetra Tech in the 1st quarter worth approximately $34,000. Evelyn Partners Investment Management Services Ltd acquired a new stake in shares of Tetra Tech in the 1st quarter worth 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 purchasing an additional 751 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.
Wall Street Analysts Forecast Growth
TTEK has been the topic of a number of research analyst reports. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday. National Bank Financial decreased their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada lowered 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 note on Wednesday, July 22nd. Finally, Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $38.25.
Tetra Tech Price Performance
Shares of NASDAQ:TTEK opened at $37.00 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The business’s fifty day moving average price is $31.86 and its two-hundred day moving average price is $31.91. The stock has a market cap of $9.47 billion, a PE ratio of 22.29 and a beta of 0.90. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14.
Tetra Tech (NASDAQ:TTEK – Get Free Report) last released 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 company had revenue of $1.31 billion during 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 revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. 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. On average, analysts forecast that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.
Tetra Tech Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.072 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech’s payout ratio is 17.47%.
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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