State of Wyoming Makes New Investment in Tetra Tech, Inc. $TTEK

State of Wyoming purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,178 shares of the industrial products company’s stock, valued at approximately $641,000.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Tetra Tech in the 4th quarter valued at $225,000. AQR Capital Management LLC boosted its stake in Tetra Tech by 451.6% during the 1st quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock worth $4,204,000 after acquiring an additional 118,774 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Tetra Tech by 136.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock worth $48,507,000 after acquiring an additional 957,050 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Tetra Tech by 136.1% during the first 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 during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Tetra Tech by 754.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 1,638 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TTEK has been the topic of several analyst reports. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a report on Thursday, July 30th. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Royal Bank Of Canada dropped their price objective on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. National Bank Financial reduced their target price on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.25.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $36.51 on Monday. The stock has a 50 day moving average price of $31.01 and a 200 day moving average price of $31.92. Tetra Tech, Inc. has a 52 week low of $25.81 and a 52 week high of $43.14. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $9.35 billion, a PE ratio of 21.99 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 for the quarter, topping the consensus estimate of $0.40 by $0.02. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. The business’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. Analysts predict that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal 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. This represents a $0.29 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Tetra Tech’s dividend payout ratio is 16.87%.

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.