Caprock Group LLC Invests $1.68 Million in Tetra Tech, Inc. $TTEK

Caprock Group LLC acquired a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 46,156 shares of the industrial products company’s stock, valued at approximately $1,681,000.

Several other hedge funds also recently bought and sold shares of TTEK. Sands Capital Management LLC boosted its stake in shares of Tetra Tech by 26.5% during the second quarter. Sands Capital Management LLC now owns 5,200,335 shares of the industrial products company’s stock valued at $187,004,000 after purchasing an additional 1,089,599 shares during the period. Corient Private Wealth LLC lifted its holdings in Tetra Tech by 84.9% during the 2nd quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock valued at $147,095,000 after buying an additional 1,847,087 shares in the last quarter. Norges Bank purchased a new stake in Tetra Tech in the 2nd quarter valued at about $104,843,000. Ninety One UK Ltd grew its stake in Tetra Tech by 2.8% in the 3rd quarter. Ninety One UK Ltd now owns 2,870,244 shares of the industrial products company’s stock worth $95,809,000 after acquiring an additional 78,332 shares in the last quarter. Finally, M&G PLC increased its position in shares of Tetra Tech by 150.1% during the second quarter. M&G PLC now owns 2,416,512 shares of the industrial products company’s stock worth $86,994,000 after acquiring an additional 1,450,420 shares during the period. Institutional investors own 93.89% of the company’s stock.

Analyst Upgrades and Downgrades

TTEK has been the topic of several research analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $48.00 price objective (up previously from $47.00) on shares of Tetra Tech in a research note on Friday, November 14th. Robert W. Baird set a $43.00 price target on Tetra Tech in a research note on Thursday, January 29th. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, November 13th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Sunday, November 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.60.

Tetra Tech Stock Up 2.9%

NASDAQ:TTEK opened at $36.69 on Friday. The company’s 50-day simple moving average is $36.18 and its 200-day simple moving average is $35.29. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 1.31. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $43.14. The stock has a market capitalization of $9.57 billion, a P/E ratio of 27.59 and a beta of 0.91.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 28th. The industrial products company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $974.28 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. Tetra Tech’s revenue for the quarter was down 13.4% compared to the same quarter last year. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. On average, equities analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, February 12th. Tetra Tech’s payout ratio is 19.55%.

Insider Transactions at Tetra Tech

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total value of $401,455.17. Following the completion of the sale, the senior vice president directly owned 46,496 shares in the company, valued at approximately $1,870,534.08. This trade represents a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is owned by corporate insiders.

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.