Tetra Tech Target of Unusually High Options Trading (NASDAQ:TTEK)

Tetra Tech, Inc. (NASDAQ:TTEK) was the recipient of unusually large options trading activity on Thursday. Traders acquired 11,322 put options on the company. This represents an increase of 2,774% compared to the typical daily volume of 394 put options.

Tetra Tech Stock Performance

TTEK stock opened at $35.36 on Friday. Tetra Tech has a twelve month low of $27.27 and a twelve month high of $43.50. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 38.02 and a beta of 0.88. The business’s fifty day simple moving average is $33.68 and its two-hundred day simple moving average is $35.30. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.06 billion. Tetra Tech had a net margin of 4.55% and a return on equity of 25.79%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share. 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. Analysts predict that Tetra Tech will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, December 1st. Tetra Tech’s payout ratio is currently 27.96%.

Institutional Trading of Tetra Tech

A number of large investors have recently modified their holdings of TTEK. Vanguard Group Inc. boosted its position in Tetra Tech by 4.9% during the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock valued at $795,185,000 after purchasing an additional 1,273,692 shares in the last quarter. Sands Capital Management LLC lifted its position in shares of Tetra Tech by 38.0% during the third quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company’s stock valued at $239,636,000 after buying an additional 1,978,697 shares during the last quarter. Capital International Investors lifted its position in shares of Tetra Tech by 249.1% during the third quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock valued at $236,320,000 after buying an additional 5,051,485 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Tetra Tech by 12.0% in the 3rd quarter. Alliancebernstein L.P. now owns 6,581,244 shares of the industrial products company’s stock valued at $219,682,000 after buying an additional 705,673 shares in the last quarter. Finally, Sarasin & Partners LLP grew its position in shares of Tetra Tech by 1.2% in the 2nd quarter. Sarasin & Partners LLP now owns 4,683,576 shares of the industrial products company’s stock worth $168,421,000 after buying an additional 55,012 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Northcoast Research upgraded Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Thursday, November 13th. Robert W. Baird raised their price objective on Tetra Tech from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.00 target price (up previously from $47.00) on shares of Tetra Tech in a report on Friday, November 14th. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, October 8th. Finally, National Bank Financial began coverage on Tetra Tech in a research report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 price target for the company. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.20.

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.