Tetra Tech (NASDAQ:TTEK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Tetra Tech (NASDAQ:TTEK) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other analysts have also recently issued reports about the company. Weiss Ratings cut Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Robert W. Baird set a $37.00 target price on Tetra Tech in a research report on Thursday. National Bank Financial decreased their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Royal Bank Of Canada lowered their price target on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.25.

Tetra Tech Stock Up 2.0%

TTEK stock opened at $33.83 on Friday. Tetra Tech has a twelve month low of $25.81 and a twelve month high of $43.14. The company has a quick ratio of 1.25, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market cap of $8.78 billion, a PE ratio of 20.38 and a beta of 0.90. The business’s 50-day simple moving average is $29.64 and its 200 day simple moving average is $32.01.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm posted $0.43 EPS. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. On average, research analysts anticipate that Tetra Tech will post 1.58 earnings per share for the current year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.072 dividend. This represents a $0.29 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Thursday, August 13th. Tetra Tech’s dividend payout ratio is currently 17.47%.

Insider Activity

In related news, Director Jeffrey R. Feeler bought 1,900 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the transaction, the director directly owned 1,900 shares of the company’s stock, valued at $50,179. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Trading of Tetra Tech

Large investors have recently bought and sold shares of the stock. First Horizon Corp grew its holdings in shares of Tetra Tech by 50.4% in the fourth 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. Optas LLC lifted its holdings in Tetra Tech by 2.6% during the first quarter. Optas LLC now owns 12,803 shares of the industrial products company’s stock worth $386,000 after acquiring an additional 330 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in Tetra Tech by 63.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 341 shares during the period. Larson Financial Group LLC boosted its position in Tetra Tech by 26.9% in the fourth quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 358 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in Tetra Tech by 8.1% in the 1st quarter. Parallel Advisors LLC now owns 4,799 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 359 shares during the period. 93.89% of the stock is currently owned by institutional investors.

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.