Icon Advisers Inc. Co. Grows Position in Tetra Tech, Inc. $TTEK

Icon Advisers Inc. Co. raised its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 14.0% in the second quarter, HoldingsChannel.com reports. The fund owned 114,000 shares of the industrial products company’s stock after purchasing an additional 14,000 shares during the quarter. Icon Advisers Inc. Co.’s holdings in Tetra Tech were worth $4,099,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TTEK. Vanguard Group Inc. raised its stake in Tetra Tech by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock valued at $795,185,000 after purchasing an additional 1,273,692 shares during the last quarter. Sarasin & Partners LLP raised its position in shares of Tetra Tech by 1.2% in the second quarter. Sarasin & Partners LLP now owns 4,683,576 shares of the industrial products company’s stock valued at $168,421,000 after buying an additional 55,012 shares during the last quarter. Norges Bank purchased a new position in shares of Tetra Tech during the second quarter valued at approximately $104,843,000. Northern Trust Corp boosted its position in Tetra Tech by 4.8% during the first quarter. Northern Trust Corp now owns 2,878,408 shares of the industrial products company’s stock worth $84,193,000 after acquiring an additional 132,974 shares during the last quarter. Finally, LGT Group Foundation grew its stake in Tetra Tech by 124.2% in the 1st quarter. LGT Group Foundation now owns 2,734,057 shares of the industrial products company’s stock worth $79,971,000 after acquiring an additional 1,514,583 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Trading Down 0.1%

Shares of TTEK opened at $34.74 on Friday. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $43.50. The stock’s 50-day moving average is $33.62 and its two-hundred day moving average is $35.31. 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 stock has a market cap of $9.06 billion, a PE ratio of 43.42 and a beta of 0.96.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 12th. The industrial products company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.40 by $0.05. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.06 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The company’s revenue was up 1.6% on a year-over-year basis. During the same period last year, the business 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. Equities analysts forecast that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

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 dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.26 annualized dividend and a yield of 0.7%. Tetra Tech’s payout ratio is 27.96%.

Analyst Ratings Changes

TTEK has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on Tetra Tech from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. National Bank Financial initiated coverage on Tetra Tech in a research report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Finally, Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.20.

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.