Tetra Tech, Inc. $TTEK Position Decreased by CenterBook Partners LP

CenterBook Partners LP decreased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEKFree Report) by 35.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 103,774 shares of the industrial products company’s stock after selling 57,407 shares during the period. CenterBook Partners LP’s holdings in Tetra Tech were worth $3,481,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TTEK. Brighton Jones LLC bought a new position in shares of Tetra Tech during the 4th quarter valued at about $225,000. AQR Capital Management LLC lifted its stake in Tetra Tech by 451.6% during the first quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock valued at $4,204,000 after buying an additional 118,774 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Tetra Tech by 136.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock valued at $48,507,000 after buying an additional 957,050 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Tetra Tech by 136.1% during the first 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 in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Tetra Tech by 754.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock valued at $67,000 after buying an additional 1,638 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Jeffrey R. Feeler bought 1,900 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the acquisition, the director directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on TTEK. Weiss Ratings lowered shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Check Out Our Latest Analysis on TTEK

Tetra Tech Price Performance

Shares of TTEK opened at $27.59 on Tuesday. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 16.52 and a beta of 0.93. Tetra Tech, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. The business’s 50-day moving average is $29.64 and its 200-day moving average is $33.24.

Tetra Tech (NASDAQ:TTEKGet Free Report) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. 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. Equities research analysts expect that Tetra Tech, Inc. will post 1.53 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were issued a $0.072 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.0%. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s dividend payout ratio is currently 17.37%.

Tetra Tech Company Profile

(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

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

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