National Bank Financial Begins Coverage on Tetra Tech (NASDAQ:TTEK)

Equities research analysts at National Bank Financial initiated coverage on shares of Tetra Tech (NASDAQ:TTEK) in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm set an “outperform” rating and a $41.00 price target on the industrial products company’s stock. National Bank Financial’s target price points to a potential upside of 19.53% from the company’s previous close.

A number of other brokerages have also recently issued reports on TTEK. 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. Northcoast Research reissued a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Wall Street Zen cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. 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, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Tetra Tech has a consensus rating of “Hold” and an average price target of $41.00.

Tetra Tech Trading Down 1.5%

Shares of Tetra Tech stock opened at $34.30 on Wednesday. The firm has a 50-day moving average of $35.64 and a 200-day moving average of $34.52. The stock has a market cap of $9.01 billion, a PE ratio of 42.88 and a beta of 0.94. Tetra Tech has a 52-week low of $27.27 and a 52-week 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 announced its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (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 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% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, sell-side analysts forecast that Tetra Tech will post 1.37 EPS for the current year.

Insider Buying and Selling

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the transaction, the director owned 37,725 shares of the company’s stock, valued at approximately $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC raised its stake in Tetra Tech by 2.5% during the second quarter. ProShare Advisors LLC now owns 11,684 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 285 shares in the last quarter. US Bancorp DE increased its stake in shares of Tetra Tech by 1.7% in the second quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock valued at $659,000 after buying an additional 299 shares during the period. Ethic Inc. increased its stake in shares of Tetra Tech by 1.2% in the first quarter. Ethic Inc. now owns 28,745 shares of the industrial products company’s stock valued at $849,000 after buying an additional 334 shares during the period. MAI Capital Management increased its stake in shares of Tetra Tech by 68.1% in the second quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock valued at $31,000 after buying an additional 344 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Tetra Tech by 54.5% in the second quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock valued at $35,000 after buying an additional 348 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.