Tetra Tech, Inc. $TTEK Shares Sold by HBK Investments L P

HBK Investments L P lowered its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 63.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 87,923 shares of the industrial products company’s stock after selling 151,105 shares during the period. HBK Investments L P’s holdings in Tetra Tech were worth $2,540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. OP Asset Management Ltd purchased a new stake in shares of Tetra Tech in the 1st quarter worth about $34,000. Evelyn Partners Investment Management Services Ltd purchased a new position in Tetra Tech during the 1st quarter valued at about $35,000. Larson Financial Group LLC increased its holdings in Tetra Tech by 26.9% during the 4th quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 358 shares in the last quarter. Rothschild Investment LLC raised its position in Tetra Tech by 1,243.0% during the fourth quarter. Rothschild Investment LLC now owns 1,907 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 1,765 shares during the last quarter. Finally, Globeflex Capital L P acquired a new position in Tetra Tech during the second quarter worth about $72,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Trading Down 0.7%

NASDAQ:TTEK traded down $0.25 on Wednesday, reaching $36.47. The stock had a trading volume of 1,756,846 shares, compared to its average volume of 3,051,601. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 21.97 and a beta of 0.90. 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 firm’s fifty day moving average is $34.39 and its two-hundred day moving average is $31.69. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month 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 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous 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. Equities analysts expect that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

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

Wall Street Analyst Weigh In

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

Tetra Tech Company Profile

Tetra Tech, Inc (NASDAQ:TTEK) is a consulting and engineering services company that helps government and commercial clients address challenges involving water, the environment, infrastructure, energy and natural resources. Its services include planning, design, engineering, program and construction management, scientific consulting, data analysis and technology solutions.

The company works on projects such as water supply and treatment, environmental restoration, climate resilience, sustainable infrastructure, renewable energy, transportation and national security.