HB Wealth Management LLC Sells 3,371 Shares of Tetra Tech, Inc. $TTEK

HB Wealth Management LLC decreased its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 34.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,285 shares of the industrial products company’s stock after selling 3,371 shares during the period. HB Wealth Management LLC’s holdings in Tetra Tech were worth $226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Tetra Tech by 4.9% in the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock worth $795,185,000 after acquiring an additional 1,273,692 shares during the period. Pictet Asset Management Holding SA lifted its stake in Tetra Tech by 3.5% in the first quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company’s stock worth $424,209,000 after acquiring an additional 484,053 shares during the period. Sarasin & Partners LLP lifted its stake in Tetra Tech by 1.2% in the second quarter. Sarasin & Partners LLP now owns 4,683,576 shares of the industrial products company’s stock worth $168,421,000 after acquiring an additional 55,012 shares during the period. Robeco Schweiz AG lifted its stake in Tetra Tech by 30.3% in the first quarter. Robeco Schweiz AG now owns 3,192,116 shares of the industrial products company’s stock worth $93,369,000 after acquiring an additional 742,241 shares during the period. Finally, Ninety One UK Ltd lifted its stake in Tetra Tech by 26.4% in the first quarter. Ninety One UK Ltd now owns 2,990,262 shares of the industrial products company’s stock worth $87,465,000 after acquiring an additional 625,052 shares during the period. Institutional investors own 93.89% of the company’s stock.

Insider Activity

In related news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the completion of the sale, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TTEK shares. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research note on Saturday, September 27th. Northcoast Research reaffirmed a “neutral” rating on shares of Tetra Tech in a research note on Wednesday, October 1st. KeyCorp raised their price objective on Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the company an “outperform” rating in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.00.

Tetra Tech Price Performance

TTEK opened at $34.25 on Wednesday. The stock has a 50-day moving average price of $35.74 and a 200-day moving average price of $34.48. 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 market cap of $9.00 billion, a PE ratio of 42.81 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.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly 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. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.Tetra Tech’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. Sell-side analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. 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.