Focus Financial Network Inc. Purchases Shares of 5,950 Tetra Tech, Inc. $TTEK

Focus Financial Network Inc. bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,950 shares of the industrial products company’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Chilton Capital Management LLC bought a new position in Tetra Tech in the first quarter valued at about $25,000. Baillie Gifford & Co. acquired a new position in shares of Tetra Tech in the first quarter worth approximately $27,000. Central Pacific Bank Trust Division acquired a new position in shares of Tetra Tech during the 2nd quarter valued at $32,000. SVB Wealth LLC acquired a new position in shares of Tetra Tech during the 1st quarter valued at $36,000. Finally, Geneos Wealth Management Inc. raised its position in shares of 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 period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling

In related news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the transaction, the director directly owned 37,725 shares of the company’s stock, valued at approximately $1,358,100. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

TTEK has been the subject of several recent research reports. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. KeyCorp increased their price target on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $41.67.

Tetra Tech Stock Performance

Shares of TTEK opened at $36.06 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50. The business has a 50-day simple moving average of $36.69 and a two-hundred day simple moving average of $34.15. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 45.08 and a beta of 0.93. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business posted $1.59 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. On average, analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.065 per share. The ex-dividend date was Friday, August 15th. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. Tetra Tech’s dividend payout ratio (DPR) is currently 32.50%.

Tetra Tech Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.