Tetra Tech (NASDAQ:TTEK) Upgraded by Northcoast Research to Buy Rating

Northcoast Research upgraded shares of Tetra Tech (NASDAQ:TTEK) from a neutral rating to a buy rating in a report released on Thursday, MarketBeat reports. The brokerage currently has $38.00 price target on the industrial products company’s stock.

A number of other equities analysts also recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Royal Bank Of Canada set a $47.00 target price on Tetra Tech and gave the stock an “outperform” rating in a research note on Monday, September 29th. National Bank Financial began coverage on Tetra Tech in a report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price on the stock. KeyCorp raised their price target on Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $37.41 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average price is $33.90 and its two-hundred day moving average price is $35.10. Tetra Tech has a 1 year low of $27.27 and a 1 year high of $44.63. The firm has a market capitalization of $9.83 billion, a P/E ratio of 46.76 and a beta of 0.96.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, November 12th. The industrial products company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.06 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 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. As a group, research analysts anticipate that Tetra Tech will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be paid a $0.065 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.26 annualized dividend and a yield of 0.7%. Tetra Tech’s payout ratio is 32.50%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Bfsg LLC bought a new stake in shares of Tetra Tech in the third quarter valued at about $25,000. Financial Consulate Inc. acquired a new stake in Tetra Tech in the 3rd quarter worth about $26,000. Baillie Gifford & Co. bought a new stake in Tetra Tech in the 1st quarter valued at about $27,000. Root Financial Partners LLC acquired a new position in shares of Tetra Tech during the 3rd quarter worth approximately $30,000. Finally, MAI Capital Management grew its position in shares of Tetra Tech by 68.1% during the 2nd quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 344 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

About Tetra Tech

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.