Tetra Tech (NASDAQ:TTEK) Upgraded at Wall Street Zen

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

Other research analysts also recently issued research reports about the stock. Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a research note on Thursday, July 30th. Royal Bank Of Canada decreased 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 report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, National Bank Financial dropped their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.25.

Tetra Tech Price Performance

TTEK stock opened at $33.89 on Friday. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 20.42 and a beta of 0.90. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. Tetra Tech has a 52-week low of $25.81 and a 52-week high of $43.14. The stock’s fifty day simple moving average is $35.09 and its 200-day simple moving average is $31.67.

Tetra Tech (NASDAQ:TTEK) last released 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 return on equity of 22.32% and a net margin of 8.60%.The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly revenue 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. Equities research analysts expect that Tetra Tech will post 1.58 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a $0.0720 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is 17.47%.

Institutional Trading of Tetra Tech

A number of institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Tetra Tech by 2.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,335 shares of the industrial products company’s stock worth $414,000 after acquiring an additional 285 shares in the last quarter. Optas LLC raised its position in shares of Tetra Tech by 2.6% during the 1st quarter. Optas LLC now owns 12,803 shares of the industrial products company’s stock valued at $386,000 after acquiring an additional 330 shares in the last quarter. Parallel Advisors LLC lifted its stake in Tetra Tech by 8.1% during the first quarter. Parallel Advisors LLC now owns 4,799 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 359 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Tetra Tech by 2.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 23,499 shares of the industrial products company’s stock worth $788,000 after purchasing an additional 568 shares during the last quarter. Finally, Evexia Wealth LLC boosted its holdings in Tetra Tech by 3.2% in the first quarter. Evexia Wealth LLC now owns 20,115 shares of the industrial products company’s stock worth $624,000 after purchasing an additional 618 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

About Tetra Tech

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.