Tetra Tech, Inc. $TTEK Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 2.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 709,366 shares of the industrial products company’s stock after selling 16,258 shares during the period. Fisher Asset Management LLC owned approximately 0.27% of Tetra Tech worth $23,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Tetra Tech in the 2nd quarter worth about $104,843,000. Corient Private Wealth LLC boosted its holdings in shares of Tetra Tech by 84.9% in the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after buying an additional 1,847,087 shares during the period. M&G PLC increased its position in shares of Tetra Tech by 150.1% in the second quarter. M&G PLC now owns 2,416,512 shares of the industrial products company’s stock worth $86,994,000 after acquiring an additional 1,450,420 shares in the last quarter. Sands Capital Management LLC raised its holdings in shares of Tetra Tech by 26.5% during the second quarter. Sands Capital Management LLC now owns 5,200,335 shares of the industrial products company’s stock valued at $187,004,000 after acquiring an additional 1,089,599 shares during the period. Finally, Bornite Capital Management LP purchased a new stake in shares of Tetra Tech in the 2nd quarter valued at approximately $36,970,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling at Tetra Tech

In related news, SVP Brian N. Carter sold 9,979 shares of Tetra Tech stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $40.23, for a total value of $401,455.17. Following the completion of the sale, the senior vice president owned 46,496 shares of the company’s stock, valued at approximately $1,870,534.08. The trade was a 17.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TTEK. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Sunday, November 23rd. Royal Bank Of Canada reissued an “outperform” rating and set a $48.00 price target (up from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Northcoast Research raised Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, January 21st. Finally, Robert W. Baird set a $43.00 price target on shares of Tetra Tech in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.60.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $36.45 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.31 and a quick ratio of 1.31. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $43.14. The business’s 50-day moving average price is $36.48 and its two-hundred day moving average price is $35.17. The company has a market capitalization of $9.51 billion, a P/E ratio of 27.41 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $974.28 million. During the same period in the previous year, the company earned $0.35 EPS. The firm’s revenue was down 13.4% on a year-over-year basis. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. Analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 12th were paid a dividend of $0.065 per share. The ex-dividend date was Thursday, February 12th. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. Tetra Tech’s dividend payout ratio is 19.55%.

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.