New York State Teachers Retirement System Grows Stock Position in Tetra Tech, Inc. $TTEK

New York State Teachers Retirement System raised its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 6.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,667 shares of the industrial products company’s stock after buying an additional 16,622 shares during the quarter. New York State Teachers Retirement System’s holdings in Tetra Tech were worth $7,972,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Capital International Investors raised its stake in Tetra Tech by 27.4% during the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock worth $302,416,000 after purchasing an additional 1,936,902 shares during the period. Sands Capital Management LLC raised its position 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 buying an additional 1,978,697 shares during the period. Alliancebernstein L.P. grew its position in Tetra Tech by 12.0% during the third quarter. Alliancebernstein L.P. now owns 6,581,244 shares of the industrial products company’s stock valued at $219,682,000 after acquiring an additional 705,673 shares during the period. Geode Capital Management LLC increased its stake in Tetra Tech by 1.0% during the fourth 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 raised its holdings 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 purchasing an additional 1,847,087 shares during the period. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tetra Tech

In other Tetra Tech news, Director Jeffrey R. Feeler bought 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 transaction, the director owned 1,900 shares in the company, valued at $50,179. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a report on Thursday, April 30th. Weiss Ratings lowered shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Tetra Tech Stock Down 0.6%

Shares of TTEK traded down $0.19 during mid-day trading on Tuesday, reaching $30.96. 202,667 shares of the stock traded hands, compared to its average volume of 3,208,239. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 18.49 and a beta of 0.92. The stock has a fifty day simple moving average of $28.64 and a 200 day simple moving average of $32.41. 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 earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. 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. Sell-side analysts expect that Tetra Tech, Inc. will post 1.54 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were given a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, May 14th. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s dividend payout ratio is currently 17.37%.

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.