Tetra Tech, Inc. (NASDAQ:TTEK) Stock Has Consensus Target Price of $38.25 According to Brokerages

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $39.00.

Several brokerages have recently commented on TTEK. Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. National Bank Financial dropped their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada dropped their price target on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Thursday. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Finally, KeyCorp reissued an “overweight” rating and issued a $41.00 price objective (down from $43.00) on shares of Tetra Tech in a research note on Thursday.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TTEK. Northwestern Mutual Wealth Management Co. increased its position in Tetra Tech by 2.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,335 shares of the industrial products company’s stock valued at $414,000 after acquiring an additional 285 shares in the last quarter. Optas LLC raised its stake in shares of Tetra Tech by 2.6% in the first quarter. Optas LLC now owns 12,803 shares of the industrial products company’s stock worth $386,000 after acquiring an additional 330 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Tetra Tech by 8.1% in the first quarter. Parallel Advisors LLC now owns 4,799 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 359 shares during the last quarter. Evexia Wealth LLC lifted its position in shares of Tetra Tech by 3.2% during the first quarter. Evexia Wealth LLC now owns 20,115 shares of the industrial products company’s stock worth $624,000 after purchasing an additional 618 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Tetra Tech by 18.5% during the first quarter. Assetmark Inc. now owns 4,697 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 733 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $34.78 on Friday. The firm has a market cap of $8.91 billion, a PE ratio of 21.55 and a beta of 0.95. Tetra Tech has a 12 month low of $25.81 and a 12 month high of $43.14. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $35.26 and its two-hundred day moving average price is $31.86.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. 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, equities analysts anticipate that Tetra Tech will post 1.58 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $0.0720 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is 17.47%.

About Tetra Tech

Tetra Tech, Inc is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, the environment, infrastructure, energy and natural resources. Its work includes planning, design, program management, engineering, scientific analysis and technical advisory services.

The company provides services across the water life cycle, including water supply, wastewater treatment, flood management and watershed planning. It also supports environmental restoration and compliance, climate resilience, sustainable infrastructure, renewable energy, disaster recovery and national security programs.

Founded in 1966, Tetra Tech serves clients in the United States and internationally.