Tetra Tech, Inc. $TTEK Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC reduced its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 16.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 725,624 shares of the industrial products company’s stock after selling 139,413 shares during the period. Fisher Asset Management LLC owned approximately 0.28% of Tetra Tech worth $26,093,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TTEK. MAI Capital Management raised its stake in shares of Tetra Tech by 68.1% in the 2nd quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 344 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Tetra Tech in the 2nd quarter valued at approximately $32,000. Parkside Financial Bank & Trust raised its position in 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 purchasing an additional 348 shares during the period. SVB Wealth LLC acquired a new position in Tetra Tech during the first quarter worth $36,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after buying an additional 751 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of TTEK opened at $34.60 on Wednesday. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $43.50. The stock has a market capitalization of $9.02 billion, a PE ratio of 43.25 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50-day simple moving average of $33.61 and a 200-day simple moving average of $35.30.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.400-1.550 EPS. On average, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be paid a dividend of $0.065 per share. The ex-dividend date is Monday, December 1st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech’s payout ratio is presently 27.96%.

Analysts Set New Price Targets

Several research firms recently issued reports on TTEK. Robert W. Baird boosted their price objective on Tetra Tech from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. National Bank Financial started coverage on Tetra Tech in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 target price for the company. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Finally, Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.20.

Tetra Tech 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.