Tetra Tech, Inc. (NASDAQ:TTEK) Given Consensus Rating of “Moderate Buy” by Brokerages

Tetra Tech, Inc. (NASDAQ:TTEK) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $41.00.

A number of research firms recently issued reports on TTEK. Weiss Ratings lowered Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Robert W. Baird set a $35.00 price objective on Tetra Tech in a research report on Thursday, April 30th.

Insider Activity

In other news, Director Jeffrey R. Feeler purchased 1,900 shares of the stock in a transaction dated 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 completion of the acquisition, the director directly owned 1,900 shares in the company, valued at $50,179. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Institutional Trading of Tetra Tech

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Tetra Tech during the 4th quarter worth $225,000. AQR Capital Management LLC lifted its position in Tetra Tech by 451.6% during the first quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock worth $4,204,000 after buying an additional 118,774 shares during the period. Goldman Sachs Group Inc. grew its holdings in Tetra Tech by 136.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock valued at $48,507,000 after buying an additional 957,050 shares during the period. Geneos Wealth Management Inc. grew its holdings in Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Tetra Tech by 754.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 1,638 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $29.90 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $28.67 and a two-hundred day moving average price of $32.46. Tetra Tech has a twelve month low of $25.81 and a twelve month high of $43.14. The company has a market capitalization of $7.76 billion, a P/E ratio of 17.90 and a beta of 0.92.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating 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 company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior 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. As a group, research analysts expect that Tetra Tech will post 1.54 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

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