Bleakley Financial Group LLC Acquires 111,493 Shares of Tetra Tech, Inc. $TTEK

Bleakley Financial Group LLC raised its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 305.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,938 shares of the industrial products company’s stock after buying an additional 111,493 shares during the quarter. Bleakley Financial Group LLC’s holdings in Tetra Tech were worth $4,456,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. First Horizon Corp raised its stake in Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 295 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 341 shares during the last quarter. OP Asset Management Ltd bought a new position in shares of Tetra Tech during the 1st quarter worth about $34,000. Geneos Wealth Management Inc. raised its position in shares of Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares during the last quarter. Finally, Danske Bank A S acquired a new position in shares of Tetra Tech during the third quarter valued at about $53,000. 93.89% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Tetra Tech news, Director Jeffrey R. Feeler bought 1,900 shares of Tetra Tech stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the purchase, the director owned 1,900 shares of the company’s stock, valued at $50,179. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TTEK has been the subject of a number of recent research reports. National Bank Financial cut their target price on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a research note on Thursday, April 30th. Finally, Wall Street Zen cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Sunday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $39.80.

Tetra Tech Trading Up 0.7%

Shares of NASDAQ TTEK opened at $31.33 on Thursday. Tetra Tech, Inc. has a twelve month low of $25.81 and a twelve month high of $43.14. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47. The stock has a market cap of $8.13 billion, a price-to-earnings ratio of 18.76 and a beta of 0.92. The company’s fifty day moving average is $28.56 and its 200-day moving average is $32.25.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. Equities research analysts predict that Tetra Tech, Inc. will post 1.54 EPS for the current year.

Tetra Tech Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th were issued a dividend of $0.072 per share. The ex-dividend date was Thursday, May 14th. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a yield of 0.9%. Tetra Tech’s dividend payout ratio is presently 17.37%.

Tetra Tech Company Profile

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.