Vanguard Group Inc. Sells 501,178 Shares of Tetra Tech, Inc. $TTEK

Vanguard Group Inc. lessened its holdings in Tetra Tech, Inc. (NASDAQ:TTEKFree Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,800,544 shares of the industrial products company’s stock after selling 501,178 shares during the period. Vanguard Group Inc. owned about 0.10% of Tetra Tech worth $865,350,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTEK. Brighton Jones LLC bought a new stake in Tetra Tech during the 4th quarter worth approximately $225,000. AQR Capital Management LLC raised its position in shares of Tetra Tech by 451.6% during the first 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 during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Tetra Tech by 136.5% during the first 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. raised its position in shares of Tetra Tech by 136.1% during the first 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 raised its position in shares of 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 valued at $67,000 after buying an additional 1,638 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Insider Buying and Selling

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $40.23, for a total value of $401,455.17. Following the completion of the transaction, the senior vice president directly owned 46,496 shares in the company, valued at approximately $1,870,534.08. The trade was a 17.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TTEK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a report on Monday, April 20th. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a research note on Thursday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.00.

Read Our Latest Report on TTEK

Tetra Tech Stock Performance

TTEK stock opened at $31.67 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.31. The business has a 50-day moving average price of $32.25 and a 200 day moving average price of $34.12. The company has a market capitalization of $8.26 billion, a P/E ratio of 18.96 and a beta of 1.00. Tetra Tech, Inc. has a 1-year low of $29.57 and a 1-year high of $43.14.

Tetra Tech (NASDAQ:TTEKGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. As a group, equities research analysts forecast that Tetra Tech, Inc. will post 1.53 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be issued a $0.072 dividend. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, May 14th. Tetra Tech’s dividend payout ratio is presently 15.57%.

Key Stories Impacting Tetra Tech

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About Tetra Tech

(Free Report)

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.

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Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

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