Tetra Tech (NASDAQ:TTEK) Stock Rating Cut to Hold at Wall Street Zen

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

A number of other equities analysts have also commented on the stock. Royal Bank Of Canada cut their price target on shares of Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday. Robert W. Baird set a $37.00 price objective on Tetra Tech in a report on Thursday, July 30th. KeyCorp reissued an “overweight” rating and issued a $41.00 price target (down from $43.00) on shares of Tetra Tech in a research note on Thursday. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Finally, National Bank Financial cut their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.00.

Tetra Tech Stock Down 0.2%

Shares of NASDAQ TTEK opened at $34.72 on Friday. The company has a 50 day simple moving average of $35.24 and a 200 day simple moving average of $31.88. The firm has a market cap of $8.89 billion, a PE ratio of 20.92 and a beta of 0.95. Tetra Tech 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.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping 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 business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the company earned $0.43 EPS. The firm’s 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. On average, research analysts forecast that Tetra Tech will post 1.58 EPS for the current year.

Tetra Tech Announces Dividend

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

Hedge Funds Weigh In On Tetra Tech

Several hedge funds and other institutional investors have recently bought and sold shares of TTEK. OP Asset Management Ltd acquired a new stake in Tetra Tech during the 1st quarter worth about $34,000. Evelyn Partners Investment Management Services Ltd bought a new position in shares of Tetra Tech in the 1st quarter worth about $35,000. Mather Group LLC. lifted its stake in shares of Tetra Tech by 562.0% in the 3rd quarter. Mather Group LLC. now owns 1,377 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 1,169 shares during the period. Globeflex Capital L P acquired a new position in shares of Tetra Tech in the 2nd quarter valued at about $72,000. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Tetra Tech by 581.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 3,065 shares of the industrial products company’s stock valued at $103,000 after purchasing an additional 2,615 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Company Profile

Tetra Tech, Inc is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, the environment, infrastructure, energy and natural resources. Its work includes planning, design, program management, engineering, scientific analysis and technical advisory services.

The company provides services across the water life cycle, including water supply, wastewater treatment, flood management and watershed planning. It also supports environmental restoration and compliance, climate resilience, sustainable infrastructure, renewable energy, disaster recovery and national security programs.

Founded in 1966, Tetra Tech serves clients in the United States and internationally.