Tetra Tech, Inc. $TTEK Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 731,134 shares of the industrial products company’s stock after selling 13,277 shares during the period. Rhumbline Advisers’ holdings in Tetra Tech were worth $26,292,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Tetra Tech by 4.9% during the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock valued at $795,185,000 after purchasing an additional 1,273,692 shares during the last quarter. Sarasin & Partners LLP grew its position in Tetra Tech by 1.2% in the second quarter. Sarasin & Partners LLP now owns 4,683,576 shares of the industrial products company’s stock worth $168,421,000 after buying an additional 55,012 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Tetra Tech by 4.8% in the first quarter. Northern Trust Corp now owns 2,878,408 shares of the industrial products company’s stock valued at $84,193,000 after buying an additional 132,974 shares in the last quarter. LGT Group Foundation lifted its position in shares of Tetra Tech by 124.2% during the 1st quarter. LGT Group Foundation now owns 2,734,057 shares of the industrial products company’s stock valued at $79,971,000 after acquiring an additional 1,514,583 shares during the last quarter. Finally, M&G PLC boosted its stake in shares of Tetra Tech by 150.1% during the 2nd quarter. M&G PLC now owns 2,416,512 shares of the industrial products company’s stock worth $86,994,000 after acquiring an additional 1,450,420 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Trading Up 1.9%

Shares of NASDAQ TTEK opened at $34.78 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $43.50. The business has a 50-day moving average price of $33.68 and a two-hundred day moving average price of $35.31. The firm has a market capitalization of $9.14 billion, a PE ratio of 43.48 and a beta of 0.96.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.06 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. As a group, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, December 1st. Tetra Tech’s payout ratio is currently 27.96%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $48.00 target price (up from $47.00) on shares of Tetra Tech in a report on Friday, November 14th. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday. National Bank Financial initiated coverage on shares of Tetra Tech in a report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 target price for the company. Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Thursday, November 13th. Finally, KeyCorp boosted their price target on shares of Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Tetra Tech has an average rating of “Moderate Buy” and a consensus target price of $42.20.

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.