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

Tetra Tech, Inc. (NASDAQ:TTEK) was the recipient of some unusual options trading activity on Friday. Investors purchased 9,931 put options on the company. This is an increase of approximately 2,666% compared to the average volume of 359 put options.

Insider Activity at Tetra Tech

In related news, Director Jeffrey R. Feeler acquired 1,900 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the acquisition, the director directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by corporate insiders.

Institutional Trading of Tetra Tech

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Corp lifted its position in shares of Tetra Tech by 50.4% during 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 in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 341 shares in the last quarter. OP Asset Management Ltd bought a new stake in Tetra Tech during the first quarter valued at about $34,000. Evelyn Partners Investment Management Services Ltd bought a new stake in Tetra Tech during the 1st quarter valued at approximately $35,000. Finally, Geneos Wealth Management Inc. raised 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 valued at $38,000 after buying an additional 751 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TTEK shares. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. National Bank Financial dropped their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Robert W. Baird set a $35.00 price objective on Tetra Tech in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada lowered their target price on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

Tetra Tech Stock Up 3.7%

Shares of TTEK stock opened at $31.71 on Friday. Tetra Tech has a 12 month low of $25.81 and a 12 month high of $43.14. The stock has a market cap of $8.23 billion, a P/E ratio of 18.99 and a beta of 0.92. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The company has a 50 day simple moving average of $28.96 and a two-hundred day simple moving average of $32.13.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share 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 for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company posted $0.33 EPS. The company’s 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 earnings per share for the current year.

Tetra Tech Increases Dividend

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

Tetra Tech Company 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.