Traders Buy Large Volume of Tetra Tech Put Options (NASDAQ:TTEK)

Tetra Tech, Inc. (NASDAQ:TTEK) was the recipient of some unusual options trading on Thursday. Stock traders acquired 11,322 put options on the stock. This is an increase of approximately 2,774% compared to the typical daily volume of 394 put options.

Hedge Funds Weigh In On Tetra Tech

Institutional investors have recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Tetra Tech in the fourth quarter worth about $225,000. Avantax Advisory Services Inc. raised its holdings in shares of Tetra Tech by 21.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 13,895 shares of the industrial products company’s stock valued at $406,000 after purchasing an additional 2,468 shares in the last quarter. US Bancorp DE lifted its position in shares of Tetra Tech by 4.7% in the 1st quarter. US Bancorp DE now owns 18,027 shares of the industrial products company’s stock worth $527,000 after purchasing an additional 802 shares during the period. ING Groep NV bought a new position in shares of Tetra Tech during the first quarter valued at approximately $1,477,000. Finally, Vanguard Group Inc. increased its holdings in Tetra Tech by 4.9% during the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock valued at $795,185,000 after buying an additional 1,273,692 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analyst Ratings Changes

TTEK has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $48.00 price objective (up from $47.00) on shares of Tetra Tech in a research note on Friday, November 14th. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a report on Thursday, November 13th. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Finally, National Bank Financial began coverage on shares of Tetra Tech in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and a consensus target price of $42.20.

Tetra Tech Price Performance

Tetra Tech stock opened at $34.14 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 36.71 and a beta of 0.88. The firm has a 50-day moving average of $33.70 and a two-hundred day moving average of $35.29. Tetra Tech has a 1 year low of $27.27 and a 1 year high of $43.27.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 12th. The industrial products company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.06 billion. Tetra Tech had a net margin of 4.55% and a return on equity of 25.79%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.400-1.550 EPS. On average, research analysts forecast that Tetra Tech will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, December 1st. Tetra Tech’s dividend payout ratio is currently 27.96%.

Tetra Tech Company Profile

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.