Perigon Wealth Management LLC Takes $986,000 Position in Tetra Tech, Inc. $TTEK

Perigon Wealth Management LLC acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the fourth quarter, Holdings Channel.com reports. The fund acquired 29,400 shares of the industrial products company’s stock, valued at approximately $986,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital International Investors raised its stake in Tetra Tech by 249.1% during the third quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock worth $236,320,000 after purchasing an additional 5,051,485 shares during the period. Sands Capital Management LLC increased its stake in Tetra Tech by 38.0% during the third quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company’s stock worth $239,636,000 after acquiring an additional 1,978,697 shares during the last quarter. Corient Private Wealth LLC raised its position in Tetra Tech by 84.9% in the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock valued at $147,095,000 after purchasing an additional 1,847,087 shares during the period. Goldman Sachs Group Inc. raised its position in Tetra Tech by 136.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock valued at $48,507,000 after purchasing an additional 957,050 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Tetra Tech by 57.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,396,981 shares of the industrial products company’s stock valued at $86,195,000 after purchasing an additional 873,172 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Tetra Tech Trading Up 0.4%

NASDAQ TTEK opened at $31.19 on Tuesday. The firm has a 50 day simple moving average of $34.83 and a 200-day simple moving average of $34.46. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 1.31. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $43.14. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 23.45 and a beta of 0.98.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $974.28 million. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. Equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 12th were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech’s dividend payout ratio is currently 19.55%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TTEK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. Robert W. Baird set a $43.00 target price on shares of Tetra Tech in a research report on Thursday, January 29th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.60.

Insider Activity

In other news, SVP Brian N. Carter sold 9,979 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total value of $401,455.17. Following the sale, the senior vice president directly owned 46,496 shares in the company, valued at approximately $1,870,534.08. This trade represents a 17.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% 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.