Tetra Tech, Inc. (NASDAQ:TTEK) Receives Average Recommendation of “Moderate Buy” from Brokerages

Tetra Tech, Inc. (NASDAQ:TTEK) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $41.00.

A number of research firms have commented on TTEK. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a report on Monday, April 20th. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research report on Thursday, April 30th.

Insider Buying and Selling at Tetra Tech

In other news, Director Jeffrey R. Feeler acquired 1,900 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the transaction, the director directly owned 1,900 shares in the company, valued at $50,179. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by company insiders.

Institutional Trading of Tetra Tech

Several hedge funds have recently added to or reduced their stakes in the business. Edgestream Partners L.P. boosted its stake in Tetra Tech by 37.8% during the 1st quarter. Edgestream Partners L.P. now owns 121,937 shares of the industrial products company’s stock valued at $3,673,000 after purchasing an additional 33,442 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Tetra Tech by 22.0% in the first quarter. California State Teachers Retirement System now owns 290,497 shares of the industrial products company’s stock valued at $8,750,000 after buying an additional 52,423 shares during the period. Evelyn Partners Investment Management Services Ltd bought a new position in Tetra Tech during the first quarter valued at about $35,000. Quantinno Capital Management LP boosted its stake in Tetra Tech by 2.2% during the first quarter. Quantinno Capital Management LP now owns 1,551,176 shares of the industrial products company’s stock valued at $46,721,000 after buying an additional 33,162 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in Tetra Tech by 28.3% during the first quarter. Rice Hall James & Associates LLC now owns 122,955 shares of the industrial products company’s stock worth $3,703,000 after acquiring an additional 27,117 shares during the period. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Price Performance

TTEK opened at $27.43 on Thursday. The company has a market capitalization of $7.12 billion, a P/E ratio of 16.43 and a beta of 1.00. The company has a 50-day moving average of $30.69 and a 200-day moving average of $33.76. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.25. Tetra Tech has a 1-year low of $25.81 and a 1-year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company posted $0.33 earnings per share. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. 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. Equities analysts expect that Tetra Tech will post 1.53 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be given a dividend of $0.072 per share. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, May 14th. Tetra Tech’s payout ratio is currently 17.37%.

About Tetra Tech

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.