15,025 Shares in Tetra Tech, Inc. $TTEK Acquired by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,025 shares of the industrial products company’s stock, valued at approximately $434,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Tetra Tech during the fourth quarter worth approximately $115,162,000. Impax Asset Management Group plc purchased a new stake in Tetra Tech in the 4th quarter valued at $107,603,000. Energy Income Partners LLC acquired a new stake in Tetra Tech during the 2nd quarter worth $68,512,000. AQR Capital Management LLC grew its position in Tetra Tech by 351.6% during the 4th quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock worth $96,440,000 after purchasing an additional 2,238,721 shares during the last quarter. Finally, Capital International Investors increased its stake in Tetra Tech by 27.4% in the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock valued at $302,416,000 after purchasing an additional 1,936,902 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Up 1.2%

TTEK stock opened at $37.00 on Friday. The stock has a market capitalization of $9.47 billion, a PE ratio of 22.29 and a beta of 0.90. The company has a fifty day moving average of $31.86 and a 200-day moving average of $31.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $1.31 billion for 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 was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, analysts expect that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Tetra Tech’s dividend payout ratio is 17.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday. Robert W. Baird set a $37.00 price target on Tetra Tech in a research report on Thursday, July 30th. Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Royal Bank Of Canada decreased their price objective on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Finally, National Bank Financial lowered their target price on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.25.

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.