Brokerages Set Tetra Tech, Inc. (NASDAQ:TTEK) PT at $38.80

Tetra Tech, Inc. (NASDAQ:TTEK) has been given a consensus rating of “Moderate Buy” by the five analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $38.25.

TTEK has been the subject of several recent research reports. Weiss Ratings cut shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada reduced their price objective on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. National Bank Financial decreased their target price on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, Robert W. Baird set a $37.00 target price on Tetra Tech in a research note on Thursday.

Insider Activity at Tetra Tech

In other news, Director Jeffrey R. Feeler bought 1,900 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the purchase, the director owned 1,900 shares of the company’s stock, valued at approximately $50,179. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Corp raised its holdings in shares of Tetra Tech by 50.4% in 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 in the last quarter. CIBC Private Wealth Group LLC increased its holdings in Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after buying an additional 341 shares during the last quarter. OP Asset Management Ltd acquired a new stake in Tetra Tech in the first quarter valued at $34,000. Evelyn Partners Investment Management Services Ltd acquired a new stake in Tetra Tech in the first quarter valued at $35,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after buying an additional 751 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Stock Up 2.2%

Shares of TTEK opened at $33.16 on Tuesday. The stock has a market capitalization of $8.61 billion, a PE ratio of 19.98 and a beta of 0.92. Tetra Tech has a 1 year low of $25.81 and a 1 year high of $43.14. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.18. The company’s 50-day simple moving average is $29.52 and its 200-day simple moving average is $32.06.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. Analysts forecast that Tetra Tech will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.072 dividend. This represents a $0.29 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is presently 17.47%.

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.