Perigon Wealth Management LLC Makes New $690,000 Investment in Tetra Tech, Inc. $TTEK

Perigon Wealth Management LLC purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,868 shares of the industrial products company’s stock, valued at approximately $690,000.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Tetra Tech during the 4th quarter worth approximately $115,162,000. Impax Asset Management Group plc acquired a new position in shares of Tetra Tech in the fourth quarter valued at approximately $107,603,000. AQR Capital Management LLC increased its position in shares of Tetra Tech by 351.6% during the fourth quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock worth $96,440,000 after acquiring an additional 2,238,721 shares in the last quarter. Capital International Investors raised its holdings in shares of Tetra Tech by 27.4% during the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock worth $302,416,000 after acquiring an additional 1,936,902 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in shares of Tetra Tech by 84.9% during the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after acquiring an additional 1,847,087 shares during the period. 93.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TTEK. National Bank Financial reduced their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Royal Bank Of Canada cut their price target on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Robert W. Baird set a $37.00 price objective on Tetra Tech in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Tetra Tech has a consensus rating of “Moderate Buy” and a consensus target price of $38.25.

Tetra Tech Price Performance

Shares of TTEK opened at $36.60 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $31.51 and its 200 day simple moving average is $31.89. Tetra Tech, Inc. has a 1-year low of $25.81 and a 1-year high of $43.14. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 22.05 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. On average, research analysts forecast that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be issued a dividend of $0.072 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech’s payout ratio is presently 16.87%.

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.