Praxis Investment Management Inc. Sells 2,520 Shares of Tetra Tech, Inc. $TTEK

Praxis Investment Management Inc. lessened its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 21.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 9,380 shares of the industrial products company’s stock after selling 2,520 shares during the period. Praxis Investment Management Inc.’s holdings in Tetra Tech were worth $337,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. US Bancorp DE raised its stake in Tetra Tech by 1.7% during the second quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock worth $659,000 after buying an additional 299 shares during the last quarter. Ethic Inc. raised its stake in Tetra Tech by 1.2% during the first quarter. Ethic Inc. now owns 28,745 shares of the industrial products company’s stock worth $849,000 after buying an additional 334 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Tetra Tech by 22.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company’s stock worth $74,000 after buying an additional 377 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in Tetra Tech by 5.6% in the second quarter. Verdence Capital Advisors LLC now owns 8,195 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 434 shares during the period. Finally, IFP Advisors Inc grew its holdings in Tetra Tech by 5.2% in the second quarter. IFP Advisors Inc now owns 9,956 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 494 shares during the period. Institutional investors own 93.89% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gary Birkenbeuel sold 2,390 shares of the business’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 transaction, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

TTEK has been the subject of a number of research reports. Northcoast Research restated a “neutral” rating on shares of Tetra Tech in a report on Wednesday, October 1st. KeyCorp raised their price target on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. National Bank Financial initiated coverage on shares of Tetra Tech in a report on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $47.00 price target on shares of Tetra Tech and gave the stock an “outperform” rating in a report on Monday, September 29th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.00.

Tetra Tech Stock Down 0.3%

Shares of NASDAQ TTEK opened at $32.69 on Friday. The stock has a market capitalization of $8.59 billion, a P/E ratio of 40.86 and a beta of 0.94. The company has a 50-day moving average price of $35.21 and a 200-day moving average price of $34.71. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The firm 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 business’s revenue was up 1.9% on a year-over-year basis. During the same period last 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. On average, equities research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a dividend of $0.065 per share. The ex-dividend date was Friday, August 15th. This represents a $0.26 annualized dividend and a yield of 0.8%. Tetra Tech’s payout ratio is 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.