Tetra Tech (NASDAQ:TTEK) Shares Down 7.7% – Time to Sell?

Tetra Tech, Inc. (NASDAQ:TTEK) shares traded down 7.7% on Wednesday. The stock traded as low as $38.57 and last traded at $37.5290. 2,896,088 shares were traded during trading, an increase of 0% from the average session volume of 2,895,236 shares. The stock had previously closed at $40.65.

Key Headlines Impacting Tetra Tech

These are some of the TTEK headlines that stood out recently:

• Positive Sentiment: Backlog provides visibility: Fiscal year-end funded backlog reached $4.67 billion, with new orders exceeding $1.6 billion—supporting prospects for future work. Tetra Tech backlog and new orders
• Neutral Sentiment: Fiscal 2027 outlook is near consensus: Tetra Tech forecast EPS of $1.65–$1.80 and revenue of $4.4–$4.6 billion, ranges that broadly encompass analyst expectations.
• Negative Sentiment: Near-term guidance leaves some room for caution: First-quarter EPS guidance of $0.36–$0.38 and revenue guidance of $1.0–$1.1 billion are below or at the low end of consensus estimates, which could temper optimism about the strong results.

Wall Street Analyst Weigh In

TTEK has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Robert W. Baird raised their price objective on Tetra Tech from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday. KeyCorp lifted their target price on Tetra Tech from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Royal Bank Of Canada decreased their target price on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.25.

Tetra Tech Stock Performance

The business’s fifty day moving average is $36.01 and its two-hundred day moving average is $33.26. The stock has a market capitalization of $10.13 billion, a PE ratio of 23.46 and a beta of 0.86. 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 (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, November 11th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Tetra Tech had a net margin of 8.67% and a return on equity of 22.46%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Tetra Tech’s revenue was up 15.2% on a year-over-year basis. Tetra Tech has set its FY 2027 guidance at 1.650-1.800 EPS and its Q1 2027 guidance at 0.360-0.380 EPS. As a group, research analysts anticipate that Tetra Tech, Inc. will post 1.74 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.0720 per share. This represents a $0.29 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, December 2nd. Tetra Tech’s dividend payout ratio is currently 16.57%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Pictet Asset Management Holding SA raised its position in Tetra Tech by 9.1% during the third quarter. Pictet Asset Management Holding SA now owns 5,192,763 shares of the industrial products company’s stock valued at $171,115,000 after purchasing an additional 433,473 shares during the period. Amundi boosted its holdings in shares of Tetra Tech by 7.4% in the 2nd quarter. Amundi now owns 5,098,519 shares of the industrial products company’s stock worth $147,264,000 after purchasing an additional 349,272 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Tetra Tech by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock worth $114,128,000 after purchasing an additional 112,560 shares during the period. First Trust Advisors LP increased its position in shares of Tetra Tech by 47.6% during the 1st quarter. First Trust Advisors LP now owns 2,445,482 shares of the industrial products company’s stock valued at $73,658,000 after purchasing an additional 788,491 shares during the last quarter. Finally, Energy Income Partners LLC bought a new position in shares of Tetra Tech during the 2nd quarter valued at approximately $68,512,000. Institutional investors own 93.89% of the company’s stock.

About Tetra Tech

Tetra Tech, Inc. is a consulting and engineering services company founded in 1966. It works with government and commercial clients on projects involving water, the environment, infrastructure, energy, and resource management. The company provides services across the project lifecycle, including planning, consulting, engineering, design, and program and construction management. Its work includes water supply and wastewater systems, environmental assessment and remediation, infrastructure development, and climate resilience.