Penobscot Investment Management Company Inc. Has $2.31 Million Stock Holdings in Tetra Tech, Inc. $TTEK

Penobscot Investment Management Company Inc. decreased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 40.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,995 shares of the industrial products company’s stock after selling 46,350 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Tetra Tech were worth $2,314,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bfsg LLC acquired a new position in Tetra Tech during the 3rd quarter worth about $25,000. Financial Consulate Inc. acquired a new position in Tetra Tech during the 3rd quarter worth about $26,000. Root Financial Partners LLC acquired a new position in Tetra Tech during the 3rd quarter worth about $30,000. First Horizon Corp lifted its position in Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 295 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in Tetra Tech by 228.6% during the 3rd quarter. True Wealth Design LLC now owns 1,012 shares of the industrial products company’s stock worth $34,000 after buying an additional 704 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Robert W. Baird set a $43.00 price target on shares of Tetra Tech in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.60.

Insiders Place Their Bets

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total transaction of $401,455.17. Following the completion of the sale, the senior vice president directly owned 46,496 shares of the company’s stock, valued at approximately $1,870,534.08. The trade was a 17.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Tetra Tech Stock Performance

Shares of NASDAQ:TTEK opened at $31.69 on Wednesday. The stock has a market capitalization of $8.27 billion, a P/E ratio of 23.83 and a beta of 0.98. Tetra Tech, Inc. has a 1-year low of $29.57 and a 1-year high of $43.14. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $33.01 and a two-hundred day moving average price of $34.25.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $974.28 million. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The company’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. Equities analysts predict that Tetra Tech, Inc. will post 1.5 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, February 12th. Tetra Tech’s payout ratio is currently 19.55%.

About Tetra Tech

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.