Tetra Tech, Inc. $TTEK Shares Bought by Osprey Private Wealth LLC

Osprey Private Wealth LLC boosted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 1.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 218,800 shares of the industrial products company’s stock after purchasing an additional 2,550 shares during the period. Tetra Tech comprises approximately 4.4% of Osprey Private Wealth LLC’s investment portfolio, making the stock its 6th biggest holding. Osprey Private Wealth LLC’s holdings in Tetra Tech were worth $8,008,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Praxis Investment Management Inc. acquired a new position in shares of Tetra Tech in the first quarter worth about $348,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Tetra Tech by 39.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company’s stock worth $541,000 after acquiring an additional 5,275 shares during the period. SG Americas Securities LLC raised its position in shares of Tetra Tech by 259.3% in the first quarter. SG Americas Securities LLC now owns 46,406 shares of the industrial products company’s stock worth $1,357,000 after acquiring an additional 33,491 shares during the period. Summit Trail Advisors LLC acquired a new position in shares of Tetra Tech in the first quarter worth about $590,000. Finally, FORA Capital LLC acquired a new position in shares of Tetra Tech in the first quarter worth about $442,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Transactions at Tetra Tech

In related news, Director Gary Birkenbeuel sold 2,390 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the sale, the director owned 37,725 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

TTEK has been the subject of a number of analyst reports. KeyCorp upped their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and a consensus target price of $41.67.

Tetra Tech Stock Down 0.1%

TTEK stock opened at $36.14 on Friday. The stock has a market capitalization of $9.50 billion, a P/E ratio of 45.18 and a beta of 0.93. The firm has a 50-day simple moving average of $36.71 and a 200-day simple moving average of $33.86. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $51.20.

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

Tetra Tech Dividend Announcement

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

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.