CX Institutional Decreases Position in Tetra Tech, Inc. $TTEK

CX Institutional lessened its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 29.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,075 shares of the industrial products company’s stock after selling 445 shares during the period. CX Institutional’s holdings in Tetra Tech were worth $39,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TTEK. Praxis Investment Management Inc. purchased a new position in Tetra Tech in the 1st quarter worth $348,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Tetra Tech by 39.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company’s stock valued at $541,000 after buying an additional 5,275 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Tetra Tech by 259.3% during the 1st quarter. SG Americas Securities LLC now owns 46,406 shares of the industrial products company’s stock valued at $1,357,000 after buying an additional 33,491 shares during the last quarter. Summit Trail Advisors LLC purchased a new position in shares of Tetra Tech in the 1st quarter valued at about $590,000. Finally, FORA Capital LLC acquired a new stake in Tetra Tech in the 1st quarter worth about $442,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

TTEK has been the topic of several research analyst reports. KeyCorp lifted their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.67.

Tetra Tech Trading Down 1.6%

TTEK opened at $33.10 on Friday. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20. The stock has a market capitalization of $8.70 billion, a PE ratio of 41.38 and a beta of 0.93. The business’s 50 day moving average price is $36.44 and its 200 day moving average price is $34.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.59 earnings per share. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. As a group, equities research analysts expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.065 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. Tetra Tech’s payout ratio is presently 32.50%.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the sale, the director owned 37,725 shares of the company’s stock, valued at $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by insiders.

Tetra Tech Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.