Tetra Tech, Inc. $TTEK Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 143.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,670 shares of the industrial products company’s stock after purchasing an additional 23,970 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Tetra Tech were worth $1,364,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bfsg LLC purchased a new stake in shares of Tetra Tech in the 3rd quarter valued at approximately $25,000. First Horizon Corp lifted its position in shares of 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 acquiring an additional 295 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Tetra Tech in the 3rd quarter valued at approximately $30,000. Geneos Wealth Management Inc. lifted 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 valued at $38,000 after acquiring an additional 751 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in shares of Tetra Tech in the 3rd quarter valued at approximately $53,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Insider Buying and Selling at Tetra Tech

In related news, Director Jeffrey R. Feeler purchased 1,900 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the purchase, the director owned 1,900 shares of the company’s stock, valued at $50,179. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.49% of the company’s stock.

Tetra Tech Trading Down 0.1%

Shares of NASDAQ:TTEK opened at $26.18 on Friday. The firm has a fifty day moving average of $31.16 and a two-hundred day moving average of $33.86. The firm has a market capitalization of $6.79 billion, a P/E ratio of 15.68 and a beta of 1.00. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the business posted $0.33 earnings per share. Tetra Tech’s revenue for the quarter was down 7.7% compared to the same quarter last year. 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. On average, equities analysts expect that Tetra Tech, Inc. will post 1.53 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.1%. 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. Tetra Tech’s dividend payout ratio (DPR) is currently 16.77%.

Analyst Ratings Changes

Several brokerages recently commented on TTEK. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

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.