Louisiana State Employees Retirement System Invests $2.28 Million in Tetra Tech, Inc. $TTEK

Louisiana State Employees Retirement System acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 75,600 shares of the industrial products company’s stock, valued at approximately $2,277,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Corp boosted its position in Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 295 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 341 shares in the last quarter. OP Asset Management Ltd acquired a new position in Tetra Tech during the first quarter worth $34,000. Geneos Wealth Management Inc. boosted its holdings 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 worth $38,000 after purchasing an additional 751 shares during the last quarter. Finally, Danske Bank A S bought a new position in Tetra Tech in the third quarter valued at $53,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jeffrey R. Feeler purchased 1,900 shares of Tetra Tech stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the purchase, the director directly owned 1,900 shares of the company’s stock, valued at $50,179. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

Tetra Tech Stock Performance

Shares of TTEK stock opened at $28.88 on Tuesday. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 17.29 and a beta of 0.93. 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 50-day simple moving average of $28.81 and a 200 day simple moving average of $32.57. Tetra Tech, Inc. has a 52 week low of $25.81 and a 52 week high of $43.14.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The business’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, sell-side analysts predict that Tetra Tech, Inc. will post 1.54 earnings per share for the current year.

Tetra Tech Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on TTEK shares. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research report on Thursday, April 30th. Weiss Ratings cut Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.00.

About Tetra Tech

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.