Tetra Tech Sees Unusually Large Options Volume (NASDAQ:TTEK)

Tetra Tech, Inc. (NASDAQ:TTEK) was the target of unusually large options trading activity on Friday. Investors acquired 9,931 put options on the company. This is an increase of approximately 2,666% compared to the average daily volume of 359 put options.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Jeffrey R. Feeler purchased 1,900 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the purchase, the director owned 1,900 shares in the company, valued at $50,179. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Impax Asset Management Group plc purchased a new stake in Tetra Tech in the fourth quarter worth $107,603,000. Tudor Investment Corp ET AL increased its position in Tetra Tech by 585.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 64,401 shares of the industrial products company’s stock valued at $2,150,000 after purchasing an additional 55,001 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Tetra Tech by 69.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 216,917 shares of the industrial products company’s stock worth $7,275,000 after purchasing an additional 88,745 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Tetra Tech by 8.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 992,633 shares of the industrial products company’s stock worth $33,293,000 after purchasing an additional 74,530 shares during the period. Finally, Systematic Financial Management LP lifted its position in shares of Tetra Tech by 56.5% in the 4th quarter. Systematic Financial Management LP now owns 286,772 shares of the industrial products company’s stock worth $9,618,000 after purchasing an additional 103,582 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $31.71 on Friday. The firm has a market cap of $8.23 billion, a PE ratio of 18.99 and a beta of 0.92. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. 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 business has a 50 day moving average price of $28.96 and a 200-day moving average price of $32.13.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 earnings per share. 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. Equities research analysts predict that Tetra Tech 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 issued a dividend of $0.072 per share. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, May 14th. Tetra Tech’s dividend payout ratio (DPR) is currently 17.37%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank Of Canada decreased their price objective on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a research note 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. 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 lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Tetra Tech presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

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.