Tetra Tech (NASDAQ:TTEK) Price Target Lowered to $43.00 at Royal Bank Of Canada

Tetra Tech (NASDAQ:TTEK) had its target price reduced by Royal Bank Of Canada from $48.00 to $43.00 in a report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

Several other research analysts have also recently commented on the company. Weiss Ratings cut Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. National Bank Financial reduced their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Robert W. Baird set a $35.00 price objective on Tetra Tech in a research note on Thursday, April 30th. Finally, Wall Street Zen cut Tetra Tech from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Tetra Tech currently has an average rating of “Moderate Buy” and an average target price of $38.80.

Tetra Tech Price Performance

Tetra Tech stock opened at $30.98 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47. Tetra Tech has a 52-week low of $25.81 and a 52-week high of $43.14. The firm has a market cap of $8.04 billion, a PE ratio of 18.55 and a beta of 0.92. The company’s 50 day moving average is $28.76 and its two-hundred day moving average is $32.16.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. On average, research analysts expect that Tetra Tech will post 1.54 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were given a dividend of $0.072 per share. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.29 annualized dividend and a dividend yield of 0.9%. Tetra Tech’s dividend payout ratio is 17.37%.

Insiders Place Their Bets

In other Tetra Tech news, Director Jeffrey R. Feeler bought 1,900 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the purchase, the director directly owned 1,900 shares in the company, valued at $50,179. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by insiders.

Institutional Trading of Tetra Tech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Horizon Corp grew its position in shares of Tetra Tech by 50.4% in the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after buying an additional 295 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Tetra Tech by 63.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 341 shares in the last quarter. OP Asset Management Ltd purchased a new stake in Tetra Tech in the first quarter valued at $34,000. Evelyn Partners Investment Management Services Ltd purchased a new stake in Tetra Tech in the first quarter valued at $35,000. Finally, Geneos Wealth Management Inc. boosted its stake 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 acquiring an additional 751 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

About Tetra Tech

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.