Tetra Tech (NASDAQ:TTEK) Sets New 52-Week Low – Time to Sell?

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) hit a new 52-week low on Monday . The company traded as low as $29.48 and last traded at $29.5330, with a volume of 988771 shares trading hands. The stock had previously closed at $30.29.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a report on Monday, April 20th. Robert W. Baird set a $35.00 price objective on Tetra Tech in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

Tetra Tech Stock Down 2.3%

The company has a market cap of $7.68 billion, a PE ratio of 17.72 and a beta of 1.00. The business has a fifty day simple moving average of $32.07 and a two-hundred day simple moving average of $34.10. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company earned $0.33 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. 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. As a group, equities research analysts predict that Tetra Tech, Inc. will post 1.53 earnings per share for the current year.

Tetra Tech Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be paid a $0.072 dividend. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.0%. Tetra Tech’s dividend payout ratio is 16.77%.

Institutional Trading of Tetra Tech

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital International Investors increased its stake in shares of Tetra Tech by 27.4% in the 4th 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 last quarter. Sands Capital Management LLC increased its stake in shares of Tetra Tech by 38.0% in the 3rd quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company’s stock worth $239,636,000 after acquiring an additional 1,978,697 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Tetra Tech by 12.0% in the 3rd quarter. Alliancebernstein L.P. now owns 6,581,244 shares of the industrial products company’s stock worth $219,682,000 after acquiring an additional 705,673 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Tetra Tech by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company’s stock worth $170,496,000 after acquiring an additional 52,375 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in shares of Tetra Tech by 84.9% in the 2nd 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 last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

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.