Tetra Tech, Inc. $TTEK Shares Sold by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. trimmed its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 59.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 737,425 shares of the industrial products company’s stock after selling 1,098,965 shares during the period. Bowen Hanes & Co. Inc. owned 0.28% of Tetra Tech worth $24,615,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ninety One UK Ltd lifted its holdings in Tetra Tech by 2.8% in the third quarter. Ninety One UK Ltd now owns 2,870,244 shares of the industrial products company’s stock valued at $95,809,000 after acquiring an additional 78,332 shares during the last quarter. King Luther Capital Management Corp raised its position in Tetra Tech by 6.8% in the second quarter. King Luther Capital Management Corp now owns 1,643,157 shares of the industrial products company’s stock valued at $59,088,000 after purchasing an additional 105,286 shares during the period. PGGM Investments lifted its stake in shares of Tetra Tech by 32.2% in the 3rd quarter. PGGM Investments now owns 1,099,907 shares of the industrial products company’s stock valued at $36,715,000 after purchasing an additional 268,174 shares during the last quarter. LBP AM SA grew its holdings in shares of Tetra Tech by 68.4% during the 3rd quarter. LBP AM SA now owns 345,230 shares of the industrial products company’s stock worth $11,524,000 after purchasing an additional 140,219 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Tetra Tech by 24.5% during the 2nd quarter. Bessemer Group Inc. now owns 970,018 shares of the industrial products company’s stock worth $34,881,000 after purchasing an additional 190,995 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Trading Down 2.3%

Shares of NASDAQ:TTEK opened at $36.32 on Friday. The company has a market cap of $9.47 billion, a PE ratio of 27.31 and a beta of 0.91. The company’s 50 day moving average is $36.42 and its two-hundred day moving average is $35.27. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $43.14. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $974.28 million. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The firm’s revenue was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. 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. Equities analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently declared 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 dividend payout ratio (DPR) is currently 19.55%.

Insiders Place Their Bets

In related news, SVP Brian N. Carter sold 9,979 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were 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 of the company’s stock, valued at $1,870,534.08. The trade was a 17.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Tetra Tech Profile

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.