Northwestern Mutual Wealth Management Co. Buys Shares of 14,335 Tetra Tech, Inc. $TTEK

Northwestern Mutual Wealth Management Co. bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the second quarter, HoldingsChannel reports. The firm bought 14,335 shares of the industrial products company’s stock, valued at approximately $414,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC purchased a new position in shares of Tetra Tech during the 4th quarter worth approximately $225,000. AQR Capital Management LLC lifted its stake in Tetra Tech by 451.6% in the 1st quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock valued at $4,204,000 after buying an additional 118,774 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Tetra Tech by 136.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock valued at $48,507,000 after buying an additional 957,050 shares during the last quarter. Geneos Wealth Management Inc. grew 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 valued at $38,000 after buying an additional 751 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Tetra Tech by 754.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock worth $67,000 after buying an additional 1,638 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $36.59 on Thursday. The firm has a market capitalization of $9.37 billion, a P/E ratio of 22.04 and a beta of 0.90. Tetra Tech, Inc. 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 current ratio of 1.18 and a quick ratio of 1.18. The business’s 50-day simple moving average is $32.37 and its 200-day simple moving average is $31.80.

Tetra Tech (NASDAQ:TTEK) last posted its 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. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The company’s revenue was down 4.4% on a year-over-year basis. 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. Equities analysts predict that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on TTEK shares. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Royal Bank Of Canada dropped 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. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Robert W. Baird set a $37.00 price target on shares of Tetra Tech in a research note on Thursday, July 30th. Finally, National Bank Financial lowered their price target 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. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Tetra Tech has an average rating of “Moderate Buy” and a consensus price target of $38.25.

Tetra Tech 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.