Caxton Associates LLP Invests $867,000 in Tetra Tech, Inc. $TTEK

Caxton Associates LLP bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,642 shares of the industrial products company’s stock, valued at approximately $867,000.

A number of other institutional investors and hedge funds have also modified their holdings of TTEK. Brighton Jones LLC purchased a new stake in Tetra Tech during the 4th quarter valued at about $225,000. Ethic Inc. grew its stake in Tetra Tech by 1,198.5% during the 4th quarter. Ethic Inc. now owns 28,411 shares of the industrial products company’s stock valued at $1,132,000 after acquiring an additional 26,223 shares in the last quarter. Focus Partners Wealth grew its stake in Tetra Tech by 164.4% during the 4th quarter. Focus Partners Wealth now owns 24,802 shares of the industrial products company’s stock valued at $988,000 after acquiring an additional 15,421 shares in the last quarter. Graham Capital Management L.P. grew its stake in Tetra Tech by 126.0% during the 4th quarter. Graham Capital Management L.P. now owns 20,167 shares of the industrial products company’s stock valued at $803,000 after acquiring an additional 11,244 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in Tetra Tech during the 4th quarter valued at about $1,249,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $35.66 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 44.58 and a beta of 0.93. The company’s 50-day moving average is $36.69 and its two-hundred day moving average is $33.75. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. Tetra Tech’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.59 EPS. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. Analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, August 15th. Tetra Tech’s dividend payout ratio is currently 32.50%.

Insider Activity at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the transaction, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. This represents a 5.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TTEK shares. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. KeyCorp upped their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus target price of $41.67.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.