Tetra Tech (NASDAQ:TTEK) Stock Gets Price Target Trim from Royal Bank Of Canada

Tetra Tech (NASDAQ:TTEK) had its target price reduced by Royal Bank Of Canada from $46.00 to $44.00 in a report released on Thursday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the industrial products company’s stock.

TTEK has been the topic of a number of other reports. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, September 26th. National Bank Financial lowered their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, KeyCorp reiterated an “overweight” rating and issued a $41.00 target price (down from $43.00) on shares of Tetra Tech in a report on Thursday. 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, Tetra Tech has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $34.72 on Thursday. The firm has a market capitalization of $8.89 billion, a PE ratio of 20.92 and a beta of 0.95. 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 business’s fifty day moving average price is $35.24 and its 200 day moving average price is $31.88. Tetra Tech 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 data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating 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 return on equity of 22.32% and a net margin of 8.60%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. On average, sell-side analysts anticipate that Tetra Tech will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.0720 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. Tetra Tech’s dividend payout ratio is 17.47%.

Institutional Investors Weigh In On Tetra Tech

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. OP Asset Management Ltd bought a new position in shares of Tetra Tech during the 1st quarter worth approximately $34,000. Evelyn Partners Investment Management Services Ltd bought a new position in Tetra Tech in the 1st quarter valued at $35,000. Mather Group LLC. increased 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 buying an additional 1,169 shares during the period. Globeflex Capital L P acquired a new stake in shares of Tetra Tech in the 2nd quarter valued at $72,000. Finally, TD Waterhouse Canada Inc. raised its position in shares of Tetra Tech by 581.1% during the third quarter. TD Waterhouse Canada Inc. now owns 3,065 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 2,615 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

About Tetra Tech

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.