Trillium Asset Management LLC Makes New $18.72 Million Investment in Tetra Tech, Inc. $TTEK

Trillium Asset Management LLC bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 647,910 shares of the industrial products company’s stock, valued at approximately $18,718,000.

A number of other hedge funds also recently made changes to their positions in TTEK. Value Holdings Management CO. LLC bought a new stake in shares of Tetra Tech during the 2nd quarter valued at approximately $26,212,000. Vise Technologies Inc. acquired a new position in Tetra Tech during the 2nd quarter worth approximately $294,000. Edmond DE Rothschild Holding S.A. bought a new position in Tetra Tech in the 2nd quarter valued at approximately $3,117,000. Tocqueville Asset Management L.P. bought a new position in Tetra Tech in the 2nd quarter valued at approximately $434,000. Finally, one8zero8 LLC acquired a new stake in Tetra Tech in the second quarter valued at approximately $12,731,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Price Performance

Tetra Tech stock opened at $36.57 on Friday. The stock’s 50 day moving average is $31.68 and its 200 day moving average is $31.88. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14. The firm has a market cap of $9.36 billion, a P/E ratio of 22.03 and a beta of 0.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted $0.43 EPS. The company’s quarterly revenue 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. As a group, research analysts expect that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.072 per share. 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 is 17.47%.

Wall Street Analysts Forecast Growth

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

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.