Tetra Tech (NASDAQ:TTEK) Price Target Raised to $40.00

Tetra Tech (NASDAQ:TTEK) had its price objective upped by Robert W. Baird from $37.00 to $40.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

A number of other research firms also recently commented on TTEK. Royal Bank Of Canada reduced their target price on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. KeyCorp reiterated an “overweight” rating and set a $41.00 price target (down from $43.00) on shares of Tetra Tech in a report on Thursday, October 15th. Wall Street Zen cut Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Finally, Weiss Ratings raised Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Tetra Tech presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

Tetra Tech Stock Down 1.5%

Shares of NASDAQ TTEK opened at $38.83 on Thursday. The company has a 50 day simple moving average of $36.06 and a 200-day simple moving average of $33.27. The company has a market capitalization of $9.94 billion, a P/E ratio of 22.98 and a beta of 0.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.26 and a quick ratio of 1.18. Tetra Tech has a 1 year low of $25.81 and a 1 year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, November 11th. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Tetra Tech had a net margin of 8.67% and a return on equity of 22.37%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. Tetra Tech has set its FY 2027 guidance at 1.650-1.800 EPS and its Q1 2027 guidance at 0.360-0.380 EPS. On average, equities research analysts predict that Tetra Tech will post 1.74 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Wednesday, December 2nd will be given a $0.0720 dividend. This represents a $0.29 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 2nd. Tetra Tech’s payout ratio is currently 17.16%.

Institutional Trading of Tetra Tech

Institutional investors and hedge funds have recently bought and sold shares of the business. Evelyn Partners Investment Management Services Ltd acquired a new stake in shares of Tetra Tech during the first quarter worth about $35,000. Mather Group LLC. boosted its stake in shares of Tetra Tech by 562.0% in the third quarter. Mather Group LLC. now owns 1,377 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 1,169 shares during the period. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Tetra Tech by 531.1% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,502 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 1,264 shares during the period. Root Financial Partners LLC acquired a new position in shares of Tetra Tech in the third quarter valued at approximately $64,000. Finally, Signaturefd LLC grew its holdings in shares of Tetra Tech by 65.0% in the third quarter. Signaturefd LLC now owns 1,990 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 784 shares in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech News Summary

Here’s some of the latest news about TTEK:

• Positive Sentiment: Tetra Tech reported fourth-quarter adjusted EPS of $0.49, above the $0.47 consensus and up from $0.45 a year earlier. Net revenue rose 5% year over year to $1.15 billion, with reports indicating results beat or met estimates. Shares rallied after the release. Benzinga report on the earnings-driven move
• Positive Sentiment: Funded backlog reached $4.67 billion, while new orders exceeded $1.6 billion—indicators of future project revenue and demand. Coverage also highlighted water projects and stronger cash flow as growth supports. Benzinga backlog report
• Neutral Sentiment: Fiscal 2027 guidance was characterized as meeting expectations, limiting the potential for an outlook-driven catalyst. The company also declared a quarterly dividend of $0.072 per share, or $0.29 annualized; the modest yield is unlikely to be a major near-term stock driver. Results and guidance report

About Tetra Tech

Tetra Tech, Inc. is a consulting and engineering services company founded in 1966. It works with government and commercial clients on projects involving water, the environment, infrastructure, energy, and resource management. The company provides services across the project lifecycle, including planning, consulting, engineering, design, and program and construction management. Its work includes water supply and wastewater systems, environmental assessment and remediation, infrastructure development, and climate resilience.