Tetra Tech, Inc. (NASDAQ:TTEK) Receives $41.00 Average Target Price from Brokerages

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been assigned an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $41.00.

A number of equities research analysts have issued reports on TTEK shares. Royal Bank Of Canada set a $47.00 price objective on shares of Tetra Tech and gave the stock an “outperform” rating in a research report on Monday. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday. Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a research report on Wednesday. KeyCorp increased 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research report on Saturday, September 27th.

Insider Buying and Selling at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the 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 completion of the transaction, the director directly owned 37,725 shares of the company’s stock, valued at $1,358,100. This represents a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by corporate insiders.

Institutional Trading of Tetra Tech

A number of institutional investors have recently modified their holdings of TTEK. Chilton Capital Management LLC purchased a new stake in shares of Tetra Tech during the 1st quarter valued at approximately $25,000. Baillie Gifford & Co. purchased a new stake in Tetra Tech in the 1st quarter worth approximately $27,000. MAI Capital Management lifted its stake in Tetra Tech by 68.1% in the 2nd quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 344 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Tetra Tech in the 2nd quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust lifted its stake in Tetra Tech by 54.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 348 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Trading Up 0.2%

NASDAQ:TTEK opened at $33.74 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a 50-day moving average of $35.88 and a 200-day moving average of $34.39. The company has a market cap of $8.87 billion, a PE ratio of 42.18 and a beta of 0.94. Tetra Tech has a one year low of $27.27 and a one year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data 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. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm posted $1.59 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. 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 research analysts expect that Tetra Tech will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given 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 of this dividend was Friday, August 15th. Tetra Tech’s dividend payout ratio is currently 32.50%.

About Tetra Tech

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.