Tetra Tech, Inc. (NASDAQ:TTEK) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Tetra Tech, Inc. (NASDAQ:TTEK) has earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $38.25.

A number of research firms have recently commented on TTEK. National Bank Financial dropped their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Royal Bank Of Canada decreased their target price on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Robert W. Baird set a $37.00 price objective on Tetra Tech in a research report on Thursday, July 30th.

Institutional Trading of Tetra Tech

Several hedge funds and other institutional investors have recently bought and sold shares of TTEK. Public Employees Retirement System of Ohio acquired a new position in Tetra Tech in the second quarter valued at about $2,226,000. Systematic Financial Management LP grew its position in shares of Tetra Tech by 56.5% during the 4th quarter. Systematic Financial Management LP now owns 286,772 shares of the industrial products company’s stock worth $9,618,000 after buying an additional 103,582 shares during the period. Nomura Asset Management Co. Ltd. increased its stake 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 acquiring an additional 74,530 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of Tetra Tech by 45.9% in the 2nd quarter. Hsbc Holdings PLC now owns 628,625 shares of the industrial products company’s stock valued at $17,955,000 after acquiring an additional 197,653 shares during the last quarter. Finally, Nicola Wealth Management LTD. acquired a new stake in shares of Tetra Tech in the 4th quarter valued at approximately $12,242,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $35.46 on Wednesday. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The business has a 50-day moving average of $34.88 and a two-hundred day moving average of $31.69. The stock has a market capitalization of $9.08 billion, a P/E ratio of 21.36 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 issued 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. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior 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, equities research analysts predict that Tetra Tech will post 1.58 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, August 13th. Tetra Tech’s dividend payout ratio is presently 17.47%.

About Tetra Tech

Tetra Tech, Inc (NASDAQ:TTEK) is a consulting and engineering services company that helps government and commercial clients address challenges involving water, the environment, infrastructure, energy and natural resources. Its services include planning, design, engineering, program and construction management, scientific consulting, data analysis and technology solutions.

The company works on projects such as water supply and treatment, environmental restoration, climate resilience, sustainable infrastructure, renewable energy, transportation and national security.