Wealth Enhancement Advisory Services LLC Buys 2,547 Shares of Tetra Tech, Inc. $TTEK

Wealth Enhancement Advisory Services LLC increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 13.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,699 shares of the industrial products company’s stock after acquiring an additional 2,547 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Tetra Tech were worth $794,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TTEK. Brighton Jones LLC acquired a new stake in shares of Tetra Tech during the fourth quarter worth $225,000. GAMMA Investing LLC raised its holdings in shares of Tetra Tech by 2,784.2% during the first quarter. GAMMA Investing LLC now owns 86,814 shares of the industrial products company’s stock worth $2,539,000 after acquiring an additional 83,804 shares during the period. Parallel Advisors LLC raised its holdings in shares of Tetra Tech by 188.3% during the first quarter. Parallel Advisors LLC now owns 3,177 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 2,075 shares during the period. UMB Bank n.a. raised its holdings in shares of Tetra Tech by 114.6% during the first quarter. UMB Bank n.a. now owns 2,891 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 1,544 shares during the period. Finally, City Center Advisors LLC acquired a new stake in shares of Tetra Tech during the first quarter worth $208,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Shares of TTEK opened at $33.68 on Friday. The firm has a 50-day moving average of $35.97 and a 200-day moving average of $34.36. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The company has a market cap of $8.85 billion, a PE ratio of 42.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18.

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

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 15th. Tetra Tech’s dividend payout ratio (DPR) is currently 32.50%.

Analyst Ratings Changes

A number of research firms recently weighed in on TTEK. KeyCorp raised their target price 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. Royal Bank Of Canada set a $47.00 target price on shares of Tetra Tech and gave the company an “outperform” rating in a research report on Monday. Northcoast Research reaffirmed a “neutral” rating on shares of Tetra Tech in a research report on Wednesday. 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 equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Tetra Tech has an average rating of “Hold” and an average price target of $41.00.

Insider Activity

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of the sale, the director owned 37,725 shares in the company, valued at $1,358,100. The trade was a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.40% 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.