Jupiter Topco LLC purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 231,029 shares of the industrial products company’s stock, valued at approximately $6,673,000. Jupiter Topco LLC owned 0.09% of Tetra Tech as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital International Investors lifted its holdings in Tetra Tech by 27.4% during 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 purchasing an additional 1,936,902 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Tetra Tech by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company’s stock worth $170,496,000 after purchasing an additional 52,375 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Tetra Tech by 84.9% during the 2nd quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after purchasing an additional 1,847,087 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Tetra Tech by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock worth $114,128,000 after purchasing an additional 112,560 shares during the last quarter. Finally, Norges Bank purchased a new position in Tetra Tech in the 4th quarter valued at about $115,162,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on TTEK shares. Robert W. Baird set a $37.00 price objective on Tetra Tech in a report on Thursday, July 30th. Royal Bank Of Canada reduced their target price on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. National Bank Financial dropped their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Finally, Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Tetra Tech currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.25.
Tetra Tech Price Performance
Shares of NASDAQ TTEK opened at $36.54 on Monday. The stock has a market cap of $9.36 billion, a PE ratio of 22.01 and a beta of 0.90. 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, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14. The company has a 50-day moving average of $32.74 and a 200 day moving average of $31.73.
Tetra Tech (NASDAQ:TTEK – Get Free Report) last released its 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 analyst estimates of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period last year, the company posted $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. As a group, sell-side analysts predict that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.
Tetra Tech Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.072 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a 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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