First Trust Advisors LP Buys 679,424 Shares of Tetra Tech, Inc. $TTEK

First Trust Advisors LP increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 52.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,981,493 shares of the industrial products company’s stock after acquiring an additional 679,424 shares during the period. First Trust Advisors LP owned about 0.75% of Tetra Tech worth $66,142,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Bfsg LLC acquired a new position in Tetra Tech in the 3rd quarter worth $25,000. Financial Consulate Inc. acquired a new stake in shares of Tetra Tech in the 3rd quarter valued at about $26,000. MAI Capital Management lifted its holdings in shares of Tetra Tech by 68.1% in the second quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 344 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Tetra Tech in the third quarter valued at about $30,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of Tetra Tech by 54.5% during the second quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock worth $35,000 after buying an additional 348 shares during the period. 93.89% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Brian N. Carter sold 9,979 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $40.23, for a total transaction of $401,455.17. Following the transaction, the senior vice president directly owned 46,496 shares in the company, valued at approximately $1,870,534.08. The trade was a 17.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TTEK shares. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Thursday, November 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.00 price objective (up from $47.00) on shares of Tetra Tech in a report on Friday, November 14th. Finally, Robert W. Baird set a $43.00 price objective on shares of Tetra Tech in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus price target of $42.60.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $33.56 on Wednesday. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $43.14. The company has a market cap of $8.75 billion, a P/E ratio of 25.23 and a beta of 0.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s 50-day simple moving average is $36.56 and its 200 day simple moving average is $35.13.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $974.28 million. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The business’s revenue was down 13.4% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. As a group, sell-side analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were paid a $0.065 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is currently 19.55%.

Tetra Tech Company Profile

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.