Tetra Tech (NASDAQ:TTEK) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Tetra Tech (NASDAQ:TTEK) from a buy rating to a hold rating in a report issued on Saturday morning.

TTEK has been the topic of a number of other reports. Robert W. Baird set a $37.00 price target on shares of Tetra Tech in a research report on Thursday, July 30th. National Bank Financial dropped their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada cut their target price on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.25.

Tetra Tech Stock Performance

Tetra Tech stock opened at $37.00 on Friday. The firm has a market capitalization of $9.47 billion, a P/E ratio of 22.29 and a beta of 0.90. The stock has a fifty day moving average price of $31.86 and a two-hundred day moving average price of $31.91. Tetra Tech has a 52-week low of $25.81 and a 52-week high of $43.14. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results 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. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. 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 anticipate that Tetra Tech will post 1.58 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a $0.072 dividend. 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 payout ratio is currently 16.87%.

Institutional Investors Weigh In On Tetra Tech

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Tetra Tech in the fourth quarter worth about $115,162,000. Impax Asset Management Group plc acquired a new position in shares of Tetra Tech during the fourth quarter worth approximately $107,603,000. Energy Income Partners LLC bought a new stake in shares of Tetra Tech during the second quarter valued at approximately $68,512,000. AQR Capital Management LLC grew its stake in shares of Tetra Tech by 351.6% during the fourth quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock valued at $96,440,000 after purchasing an additional 2,238,721 shares during the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Tetra Tech in the second quarter valued at approximately $57,135,000. Institutional investors own 93.89% of the company’s stock.

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.