Tetra Tech (NASDAQ:TTEK) Trading Down 11.7% – Should You Sell?

Tetra Tech, Inc. (NASDAQ:TTEK) was down 11.7% during mid-day trading on Thursday . The company traded as low as $35.40 and last traded at $35.6790. Approximately 5,117,880 shares changed hands during mid-day trading, an increase of 80% from the average daily volume of 2,837,117 shares. The stock had previously closed at $40.42.

Analyst Ratings Changes

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

Tetra Tech Price Performance

The business has a 50-day moving average of $36.12 and a 200 day moving average of $35.30. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $9.30 billion, a P/E ratio of 26.81 and a beta of 0.91.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 28th. The industrial products company reported $0.35 EPS 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 analysts’ expectations of $974.28 million. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $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. On average, sell-side analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 12th will be paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, February 12th. Tetra Tech’s payout ratio is 19.55%.

Insider Buying and Selling at Tetra Tech

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

Hedge Funds Weigh In On Tetra Tech

Large investors have recently added to or reduced their stakes in the business. ProShare Advisors LLC raised its stake in shares of Tetra Tech by 2.5% in the second quarter. ProShare Advisors LLC now owns 11,684 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 285 shares during the last quarter. First Horizon Corp raised its position in Tetra Tech by 50.4% in the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after buying an additional 295 shares during the last quarter. US Bancorp DE lifted its stake in Tetra Tech by 1.7% during the 2nd quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock valued at $659,000 after acquiring an additional 299 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Tetra Tech by 3.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,514 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 319 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings 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 last quarter. Institutional investors own 93.89% of the company’s stock.

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.