Federated Hermes Inc. Decreases Stock Holdings in Tetra Tech, Inc. $TTEK

Federated Hermes Inc. lowered its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 70.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 61,956 shares of the industrial products company’s stock after selling 150,603 shares during the period. Federated Hermes Inc.’s holdings in Tetra Tech were worth $2,068,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in shares of Tetra Tech during the fourth quarter worth about $225,000. AQR Capital Management LLC raised its position in Tetra Tech by 451.6% during the 1st quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock valued at $4,204,000 after purchasing an additional 118,774 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Tetra Tech by 136.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock worth $48,507,000 after buying an additional 957,050 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after buying an additional 751 shares during the last quarter. Finally, Clear Creek Financial Management LLC increased its stake in shares of Tetra Tech by 20.2% during the second quarter. Clear Creek Financial Management LLC now owns 12,609 shares of the industrial products company’s stock valued at $453,000 after buying an additional 2,121 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $48.00 target price (up previously from $47.00) on shares of Tetra Tech in a research note on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, January 21st. National Bank Financial assumed coverage on Tetra Tech in a research report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price objective on the stock. Finally, Northcoast Research upgraded Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Tetra Tech presently has an average rating of “Moderate Buy” and an average price target of $42.60.

Tetra Tech Price Performance

Shares of NASDAQ TTEK opened at $40.72 on Thursday. The company has a 50 day simple moving average of $35.45 and a two-hundred day simple moving average of $35.19. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $40.88. The company has a market capitalization of $10.62 billion, a price-to-earnings ratio of 30.62 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.18 and a current ratio of 1.31.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $974.28 million. During the same period in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. 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. Analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be issued a dividend of $0.065 per share. The ex-dividend date is Thursday, February 12th. This represents a $0.26 annualized dividend and a dividend yield of 0.6%. Tetra Tech’s dividend payout ratio (DPR) is presently 19.55%.

Tetra Tech 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.