Shares of Tetra Tech, Inc. (NASDAQ:TTEK – Get Free Report) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $41.00.
A number of research firms recently weighed in on TTEK. Weiss Ratings downgraded Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Robert W. Baird set a $35.00 price target on Tetra Tech in a research note on Thursday, April 30th.
Read Our Latest Report on TTEK
Insider Activity at Tetra Tech
Institutional Trading of Tetra Tech
Several institutional investors and hedge funds have recently modified their holdings of TTEK. Capital International Investors raised its stake in shares of Tetra Tech by 249.1% in the third quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock worth $236,320,000 after purchasing an additional 5,051,485 shares during the last quarter. Norges Bank bought a new stake in Tetra Tech in the 4th quarter worth about $115,162,000. Impax Asset Management Group plc bought a new stake in Tetra Tech in the 4th quarter worth about $107,603,000. AQR Capital Management LLC grew its position in Tetra Tech by 351.6% in the 4th 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, Sands Capital Management LLC grew its position in Tetra Tech by 38.0% in the 3rd quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company’s stock worth $239,636,000 after purchasing an additional 1,978,697 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.
Tetra Tech Stock Up 1.8%
TTEK stock opened at $28.43 on Monday. The stock’s 50 day simple moving average is $29.46 and its 200 day simple moving average is $33.06. Tetra Tech 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 quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $7.38 billion, a P/E ratio of 17.02 and a beta of 0.93.
Tetra Tech (NASDAQ:TTEK – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the business earned $0.33 EPS. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. 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. On average, research analysts expect that Tetra Tech will post 1.53 earnings per share for the current fiscal year.
Tetra Tech Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were paid a $0.072 dividend. This represents a $0.29 annualized dividend and a dividend yield of 1.0%. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, May 14th. Tetra Tech’s dividend payout ratio (DPR) is currently 17.37%.
Tetra Tech Company 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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