AlpenGlobal Capital LLC Takes $3.23 Million Position in Tetra Tech, Inc. $TTEK

AlpenGlobal Capital LLC acquired a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the first quarter, Holdings Channel reports. The firm acquired 107,315 shares of the industrial products company’s stock, valued at approximately $3,232,000. Tetra Tech comprises 2.1% of AlpenGlobal Capital LLC’s investment portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in Tetra Tech by 3.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 53,525 shares of the industrial products company’s stock valued at $1,612,000 after purchasing an additional 1,600 shares in the last quarter. Hunter Associates Investment Management LLC raised its stake in shares of Tetra Tech by 20.3% in the 1st quarter. Hunter Associates Investment Management LLC now owns 40,194 shares of the industrial products company’s stock worth $1,213,000 after buying an additional 6,785 shares in the last quarter. PFG Investments LLC bought a new stake in shares of Tetra Tech in the 1st quarter worth $935,000. New York State Teachers Retirement System lifted its holdings in shares of Tetra Tech by 6.7% in the first quarter. New York State Teachers Retirement System now owns 264,667 shares of the industrial products company’s stock valued at $7,972,000 after buying an additional 16,622 shares during the period. Finally, Optas LLC lifted its holdings in shares of Tetra Tech by 2.6% in the first quarter. Optas LLC now owns 12,803 shares of the industrial products company’s stock valued at $386,000 after buying an additional 330 shares during the period. Institutional investors own 93.89% of the company’s stock.

Insider Activity at Tetra Tech

In related news, Director Jeffrey R. Feeler purchased 1,900 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.49% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Robert W. Baird set a $35.00 target price on Tetra Tech in a report on Thursday, April 30th. Weiss Ratings downgraded shares of 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

Tetra Tech Trading Up 0.2%

Tetra Tech stock opened at $30.99 on Friday. 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 firm has a market cap of $8.04 billion, a price-to-earnings ratio of 18.56 and a beta of 0.92. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14. The firm’s 50 day moving average price is $28.59 and its two-hundred day moving average price is $32.33.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter 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, research analysts predict that Tetra Tech, Inc. will post 1.54 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were issued a dividend of $0.072 per share. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a dividend yield of 0.9%. 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.