Blair William & Co. IL Increases Stock Position in Tetra Tech, Inc. $TTEK

Blair William & Co. IL boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 84.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 232,374 shares of the industrial products company’s stock after purchasing an additional 106,412 shares during the quarter. Blair William & Co. IL’s holdings in Tetra Tech were worth $8,356,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its stake in Tetra Tech by 39.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 5,275 shares in the last quarter. Praxis Investment Management Inc. bought a new stake in shares of Tetra Tech in the 1st quarter worth about $348,000. SG Americas Securities LLC increased its holdings in shares of Tetra Tech by 259.3% in the 1st quarter. SG Americas Securities LLC now owns 46,406 shares of the industrial products company’s stock worth $1,357,000 after buying an additional 33,491 shares during the last quarter. FORA Capital LLC bought a new stake in shares of Tetra Tech in the 1st quarter worth about $442,000. Finally, Summit Trail Advisors LLC bought a new stake in shares of Tetra Tech in the 1st quarter worth about $590,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. National Bank Financial assumed coverage on shares of Tetra Tech in a report on Wednesday. They issued an “outperform” rating and a $41.00 target price on the stock. Royal Bank Of Canada set a $47.00 target price on shares of Tetra Tech and gave the stock an “outperform” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday. Finally, Northcoast Research reiterated a “neutral” rating on shares of Tetra Tech in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $41.00.

Tetra Tech Price Performance

Tetra Tech stock opened at $33.98 on Friday. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 42.48 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The firm has a 50-day moving average of $35.60 and a two-hundred day moving average of $34.59.

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

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. Tetra Tech’s payout ratio is 32.50%.

Insider Transactions at Tetra Tech

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

Tetra Tech 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.