Vestmark Advisory Solutions Inc. purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 6,631 shares of the industrial products company’s stock, valued at approximately $238,000.
Other institutional investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new stake in shares of Tetra Tech during the second quarter worth about $32,000. Baillie Gifford & Co. purchased a new stake in Tetra Tech during the 1st quarter valued at about $27,000. SVB Wealth LLC acquired a new stake in shares of Tetra Tech during the first quarter worth about $36,000. Geneos Wealth Management Inc. raised its position in Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after buying an additional 751 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Tetra Tech by 283.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,547 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 1,144 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. National Bank Financial assumed coverage on Tetra Tech in a research report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, October 8th. KeyCorp lifted their price target on Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, Robert W. Baird increased their target price on Tetra Tech from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.00.
Tetra Tech Trading Up 12.5%
NASDAQ TTEK opened at $36.49 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 45.14 and a beta of 0.96. The firm has a 50 day simple moving average of $33.87 and a 200-day simple moving average of $35.09. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $44.63.
Tetra Tech (NASDAQ:TTEK – Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.05. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.During the same period in the previous year, the firm posted $0.38 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. Equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.
Tetra Tech Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be issued a $0.065 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. Tetra Tech’s payout ratio is presently 32.50%.
About Tetra Tech
Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.
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