State of Alaska Department of Revenue Has $1.06 Million Holdings in Tetra Tech, Inc. $TTEK

State of Alaska Department of Revenue trimmed its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,575 shares of the industrial products company’s stock after selling 1,835 shares during the period. State of Alaska Department of Revenue’s holdings in Tetra Tech were worth $1,063,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Chilton Capital Management LLC acquired a new stake in shares of Tetra Tech in the first quarter valued at about $25,000. Baillie Gifford & Co. bought a new stake in Tetra Tech in the first quarter valued at approximately $27,000. Central Pacific Bank Trust Division bought a new stake in shares of Tetra Tech in the 2nd quarter valued at $32,000. SVB Wealth LLC acquired a new position in Tetra Tech in the first quarter valued at $36,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Tetra Tech by 136.1% in the first 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. 93.89% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction 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 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 filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on TTEK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research report on Saturday, September 27th. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday. KeyCorp boosted 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 price target on Tetra Tech and gave the stock an “outperform” rating in a research note on Monday, September 29th. Finally, Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.00.

Tetra Tech Stock Performance

Tetra Tech stock opened at $33.74 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. The firm has a market cap of $8.87 billion, a P/E ratio of 42.18 and a beta of 0.94. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The firm has a 50-day moving average of $35.88 and a 200-day moving average of $34.45.

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

Tetra Tech Dividend Announcement

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

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.