one8zero8 LLC Purchases Shares of 440,672 Tetra Tech, Inc. $TTEK

one8zero8 LLC purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 440,672 shares of the industrial products company’s stock, valued at approximately $12,731,000. Tetra Tech makes up about 2.5% of one8zero8 LLC’s investment portfolio, making the stock its 8th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. First Horizon Corp grew its holdings in Tetra Tech by 50.4% in the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 295 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Tetra Tech by 63.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 341 shares in the last quarter. OP Asset Management Ltd acquired a new position in Tetra Tech during the 1st quarter worth $34,000. Evelyn Partners Investment Management Services Ltd bought a new position in shares of Tetra Tech in the first quarter worth $35,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Tetra Tech by 136.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 751 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Price Performance

NASDAQ TTEK opened at $36.60 on Thursday. The stock’s 50-day moving average price is $31.51 and its two-hundred day moving average price is $31.89. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market cap of $9.37 billion, a PE ratio of 22.05 and a beta of 0.90. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. 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, analysts predict that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a $0.072 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is currently 16.87%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a research report on Thursday, July 30th. Royal Bank Of Canada lowered their target price on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Finally, National Bank Financial reduced their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.25.

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.