Jeffrey Feeler Buys 1,900 Shares of Tetra Tech (NASDAQ:TTEK) Stock

Tetra Tech, Inc. (NASDAQ:TTEK) Director Jeffrey Feeler bought 1,900 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the transaction, the director directly owned 1,900 shares in the company, valued at approximately $50,179. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Tetra Tech Trading Down 0.1%

TTEK stock traded down $0.02 during midday trading on Friday, reaching $26.18. 5,745,874 shares of the company traded hands, compared to its average volume of 3,039,372. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 15.68 and a beta of 1.00. The business has a 50 day moving average of $31.36 and a 200-day moving average of $33.91. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. 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 (NASDAQ:TTEK) last posted its quarterly earnings data 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. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. Tetra Tech’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $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, sell-side analysts expect that Tetra Tech, Inc. will post 1.53 earnings per share 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. Stockholders 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. The ex-dividend date is Thursday, May 14th. This represents a $0.29 annualized dividend and a dividend yield of 1.1%. Tetra Tech’s dividend payout ratio (DPR) is 15.57%.

Institutional Investors Weigh In On Tetra Tech

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors raised its holdings in shares of Tetra Tech by 249.1% in the 3rd quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock valued at $236,320,000 after purchasing an additional 5,051,485 shares in the last quarter. Norges Bank bought a new stake in shares of Tetra Tech in the 4th quarter valued at about $115,162,000. Impax Asset Management Group plc bought a new stake in shares of Tetra Tech in the 4th quarter valued at about $107,603,000. AQR Capital Management LLC raised its holdings in shares of Tetra Tech by 351.6% in the 4th quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock valued at $96,440,000 after purchasing an additional 2,238,721 shares in the last quarter. Finally, Sands Capital Management LLC raised its holdings in shares of Tetra Tech by 38.0% in the 3rd quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company’s stock valued at $239,636,000 after purchasing an additional 1,978,697 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TTEK shares. Weiss Ratings restated 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 report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Tetra Tech presently has an average rating of “Moderate Buy” and an average price target of $41.00.

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.