State of New Jersey Common Pension Fund D Sells 2,548 Shares of Tetra Tech, Inc. $TTEK

State of New Jersey Common Pension Fund D reduced its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,117 shares of the industrial products company’s stock after selling 2,548 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Tetra Tech were worth $2,724,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Chilton Capital Management LLC bought a new position in Tetra Tech in the first quarter valued at approximately $25,000. Baillie Gifford & Co. acquired a new stake in Tetra Tech during the 1st quarter worth approximately $27,000. Caption Management LLC acquired a new stake in Tetra Tech during the 4th quarter worth approximately $40,000. Caitong International Asset Management Co. Ltd lifted its holdings in Tetra Tech by 283.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,547 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 1,144 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Tetra Tech by 734.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 1,483 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Stock Down 0.8%

Shares of Tetra Tech stock opened at $35.66 on Thursday. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. The stock’s 50-day moving average is $36.58 and its 200 day moving average is $33.31. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 44.58 and a beta of 0.92.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 earnings per share. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. Equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, August 15th. Tetra Tech’s dividend payout ratio (DPR) is 32.50%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TTEK. Robert W. Baird lifted their price target on Tetra Tech from $31.00 to $33.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. KeyCorp boosted their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.67.

Insider Activity

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the sale, the director directly owned 37,725 shares in the company, valued at $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.

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.