Tetra Tech (NASDAQ:TTEK) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Tetra Tech (NASDAQ:TTEK) from a buy rating to a hold rating in a research report released on Saturday.

Other analysts also recently issued reports about the company. Robert W. Baird set a $37.00 price target on Tetra Tech in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Royal Bank Of Canada cut their price target on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Finally, National Bank Financial decreased their price objective 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.25.

Tetra Tech Stock Down 0.4%

Shares of NASDAQ TTEK opened at $36.86 on Friday. The firm’s 50-day moving average price is $32.03 and its 200-day moving average price is $31.86. 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 stock has a market capitalization of $9.44 billion, a price-to-earnings ratio of 22.20 and a beta of 0.90. Tetra Tech has a 12-month low of $25.81 and a 12-month high of $43.14.

Tetra Tech (NASDAQ:TTEK) last released its quarterly 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. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s 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. On average, equities research analysts anticipate that Tetra Tech will post 1.58 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders 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 dividend yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is 17.47%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Impax Asset Management Group plc acquired a new stake in Tetra Tech in the fourth quarter valued at approximately $107,603,000. Systematic Financial Management LP boosted its holdings in Tetra Tech by 56.5% in the fourth quarter. Systematic Financial Management LP now owns 286,772 shares of the industrial products company’s stock worth $9,618,000 after acquiring an additional 103,582 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Tetra Tech by 8.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 992,633 shares of the industrial products company’s stock valued at $33,293,000 after purchasing an additional 74,530 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Tetra Tech by 69.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 216,917 shares of the industrial products company’s stock worth $7,275,000 after purchasing an additional 88,745 shares in the last quarter. Finally, Nicola Wealth Management LTD. purchased a new stake in Tetra Tech during the 4th quarter worth approximately $12,242,000. Institutional investors 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.