Tetra Tech (NASDAQ:TTEK) Shares Down 5.1% – Here’s What Happened

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) dropped 5.1% during trading on Friday . The stock traded as low as $33.46 and last traded at $33.4010. Approximately 2,279,378 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 2,422,964 shares. The stock had previously closed at $35.19.

Wall Street Analysts Forecast Growth

TTEK has been the topic of a number of research reports. KeyCorp raised their target price on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating and issued 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 upgraded Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price target 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, Tetra Tech currently has an average rating of “Moderate Buy” and an average target price of $42.20.

Tetra Tech Stock Performance

The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 41.76 and a beta of 0.96. The firm has a fifty day simple moving average of $33.89 and a 200 day simple moving average of $35.26. 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 (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.05. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company posted $0.38 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. On average, analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be issued a $0.065 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is presently 27.96%.

Institutional Investors Weigh In On Tetra Tech

Hedge funds have recently modified their holdings of the business. Bfsg LLC acquired a new position in Tetra Tech during the third quarter worth about $25,000. Financial Consulate Inc. acquired a new position in shares of Tetra Tech during the 3rd quarter worth approximately $26,000. Baillie Gifford & Co. purchased a new stake in shares of Tetra Tech in the first quarter valued at approximately $27,000. Root Financial Partners LLC acquired a new stake in shares of Tetra Tech in the third quarter valued at approximately $30,000. Finally, MAI Capital Management lifted its position in Tetra Tech by 68.1% during the second quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock worth $31,000 after buying an additional 344 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

About Tetra Tech

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.