Louisbourg Investments Inc. Acquires Shares of 119,970 Tetra Tech, Inc. $TTEK

Louisbourg Investments Inc. acquired a new position in Tetra Tech, Inc. (NASDAQ:TTEK) in the first quarter, HoldingsChannel.com reports. The firm acquired 119,970 shares of the industrial products company’s stock, valued at approximately $3,613,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTEK. First Horizon Corp boosted its position in Tetra Tech by 50.4% in the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 295 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in Tetra Tech by 3.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,162 shares of the industrial products company’s stock worth $306,000 after acquiring an additional 328 shares during the period. CIBC Private Wealth Group LLC increased its holdings in Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 341 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Tetra Tech by 26.9% in the 4th quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock valued at $57,000 after buying an additional 358 shares during the period. Finally, IFP Advisors Inc boosted its position in Tetra Tech by 4.2% in the 3rd quarter. IFP Advisors Inc now owns 10,370 shares of the industrial products company’s stock worth $347,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Insider Activity

In related news, Director Jeffrey R. Feeler purchased 1,900 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the transaction, the director directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Robert W. Baird set a $35.00 price target on Tetra Tech in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.00.

Tetra Tech Price Performance

Tetra Tech stock opened at $29.26 on Friday. The company has a fifty day simple moving average of $28.87 and a 200-day simple moving average of $32.61. The stock has a market cap of $7.59 billion, a P/E ratio of 17.52 and a beta of 0.93. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. Equities analysts expect that Tetra Tech, Inc. will post 1.54 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th were paid a dividend of $0.072 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a yield of 1.0%. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s dividend payout ratio (DPR) is currently 17.37%.

About Tetra Tech

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.