Tetra Tech, Inc. (NASDAQ:TTEK) to Issue $0.07 Quarterly Dividend

Tetra Tech, Inc. (NASDAQ:TTEK) announced a quarterly dividend on Monday, July 27th. Investors of record on Thursday, August 13th will be given a dividend of 0.072 per share by the industrial products company on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 13th.

Tetra Tech has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Tetra Tech has a payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tetra Tech to earn $1.76 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 15.9%.

Tetra Tech Price Performance

Shares of NASDAQ TTEK opened at $35.04 on Tuesday. Tetra Tech has a 52 week low of $25.81 and a 52 week high of $43.14. The business’s 50 day moving average price is $30.35 and its 200 day moving average price is $31.94. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The firm has a market cap of $8.97 billion, a P/E ratio of 21.11 and a beta of 0.90.

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

Insider Activity at Tetra Tech

In related news, Director Jeffrey R. Feeler purchased 1,900 shares of Tetra Tech stock in a transaction that occurred on Friday, May 15th. The stock was purchased 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 in the company, valued at approximately $50,179. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tetra Tech

A number of hedge funds have recently made changes to their positions in TTEK. First Horizon Corp boosted its stake 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 worth $30,000 after acquiring an additional 295 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 341 shares during the last quarter. OP Asset Management Ltd acquired a new position in Tetra Tech in the 1st quarter valued at $34,000. Evelyn Partners Investment Management Services Ltd purchased a new position in Tetra Tech in the 1st quarter valued at $35,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 751 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

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.