Tetra Tech (NASDAQ:TTEK) Given “Neutral” Rating at Northcoast Research

Northcoast Research restated their neutral rating on shares of Tetra Tech (NASDAQ:TTEK) in a report released on Wednesday, MarketBeat.com reports.

Several other analysts have also commented on TTEK. Royal Bank Of Canada set a $47.00 price target on shares of Tetra Tech and gave the company an “outperform” rating in a research report on Monday. KeyCorp increased their price target on shares of Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tetra Tech has an average rating of “Hold” and a consensus price target of $41.00.

Tetra Tech Stock Performance

TTEK stock opened at $33.19 on Wednesday. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 41.49 and a beta of 0.94. The firm has a 50-day simple moving average of $36.06 and a two-hundred day simple moving average of $34.33. Tetra Tech has a one year low of $27.27 and a one year high of $51.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.59 earnings per share. 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, equities analysts forecast that Tetra Tech will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 15th. Tetra Tech’s dividend payout ratio is 32.50%.

Insiders Place Their Bets

In other news, Director Gary Birkenbeuel sold 2,390 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the sale, the director owned 37,725 shares of the company’s stock, valued at $1,358,100. This trade represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Tetra Tech

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Tetra Tech by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock valued at $795,185,000 after acquiring an additional 1,273,692 shares during the period. Pictet Asset Management Holding SA grew its stake in Tetra Tech by 3.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company’s stock valued at $424,209,000 after acquiring an additional 484,053 shares during the period. Sands Capital Management LLC grew its stake in Tetra Tech by 26.5% in the 2nd quarter. Sands Capital Management LLC now owns 5,200,335 shares of the industrial products company’s stock valued at $187,004,000 after acquiring an additional 1,089,599 shares during the period. Sarasin & Partners LLP grew its stake in Tetra Tech by 1.2% in the 2nd quarter. Sarasin & Partners LLP now owns 4,683,576 shares of the industrial products company’s stock valued at $168,421,000 after acquiring an additional 55,012 shares during the period. Finally, Corient Private Wealth LLC grew its stake in Tetra Tech by 84.9% in the 2nd quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock valued at $147,095,000 after acquiring an additional 1,847,087 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Company 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.