Freestone Grove Partners LP Buys New Position in Tetra Tech, Inc. $TTEK

Freestone Grove Partners LP purchased a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the 2nd quarter, HoldingsChannel reports. The firm purchased 101,174 shares of the industrial products company’s stock, valued at approximately $2,923,000.

A number of other large investors also recently modified their holdings of the business. Systematic Financial Management LP boosted its position in Tetra Tech by 56.5% in the 4th quarter. Systematic Financial Management LP now owns 286,772 shares of the industrial products company’s stock worth $9,618,000 after purchasing an additional 103,582 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Tetra Tech by 8.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 992,633 shares of the industrial products company’s stock worth $33,293,000 after purchasing an additional 74,530 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Tetra Tech by 69.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 216,917 shares of the industrial products company’s stock valued at $7,275,000 after purchasing an additional 88,745 shares in the last quarter. Nicola Wealth Management LTD. acquired a new position in shares of Tetra Tech in the 4th quarter valued at $12,242,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of Tetra Tech by 108.4% in the 4th quarter. Handelsbanken Fonder AB now owns 516,043 shares of the industrial products company’s stock valued at $17,308,000 after purchasing an additional 268,420 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Tetra Tech Price Performance

Tetra Tech stock opened at $36.54 on Friday. The company’s fifty day moving average price is $32.74 and its 200 day moving average price is $31.80. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14. The stock has a market capitalization of $9.36 billion, a P/E ratio of 22.01 and a beta of 0.90. 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 (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior 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, equities research analysts anticipate that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.072 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech’s payout ratio is currently 16.87%.

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.