Tetra Tech, Inc. $TTEK Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 992,633 shares of the industrial products company’s stock after buying an additional 74,530 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Tetra Tech were worth $33,293,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TTEK. First Horizon Corp lifted its holdings in Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 295 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after buying an additional 751 shares in the last quarter. Danske Bank A S acquired a new stake in Tetra Tech during the 3rd quarter worth approximately $53,000. Larson Financial Group LLC lifted its holdings in Tetra Tech by 26.9% during the 4th quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock worth $57,000 after buying an additional 358 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its holdings in Tetra Tech by 84.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,755 shares of the industrial products company’s stock worth $59,000 after buying an additional 801 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Jeffrey R. Feeler acquired 1,900 shares of the stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $26.41 per share, with a total value of $50,179.00. Following the transaction, the director owned 1,900 shares of the company’s stock, valued at approximately $50,179. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Tetra Tech Trading Up 2.9%

NASDAQ TTEK opened at $28.30 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s fifty day moving average price is $29.98 and its 200 day moving average price is $33.51. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 16.95 and a beta of 0.93. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The company’s revenue was down 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. 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. On average, 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be given a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 14th. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s payout ratio is 17.37%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TTEK shares. Weiss Ratings reiterated 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $41.00.

Tetra Tech Profile

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.