Havemeyer Place LP Invests $721,000 in Tetra Tech, Inc. $TTEK

Havemeyer Place LP acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,489 shares of the industrial products company’s stock, valued at approximately $721,000.

Other hedge funds have also modified their holdings of the company. First Horizon Corp raised its holdings in shares of Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 295 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 751 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Tetra Tech during the 3rd quarter worth approximately $53,000. Larson Financial Group LLC raised its holdings in Tetra Tech by 26.9% during the 4th quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock valued at $57,000 after buying an additional 358 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its holdings in Tetra Tech by 84.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,755 shares of the industrial products company’s stock valued at $59,000 after buying an additional 801 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Trading Down 1.1%

TTEK stock opened at $27.59 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47. Tetra Tech, Inc. has a twelve month low of $25.81 and a twelve month high of $43.14. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 16.52 and a beta of 0.93. The firm’s fifty day simple moving average is $29.64 and its two-hundred day simple moving average is $33.24.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business posted $0.33 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. As a group, analysts anticipate that Tetra Tech, Inc. will post 1.53 earnings per share for the current year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were paid a $0.072 dividend. The ex-dividend date was Thursday, May 14th. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a yield of 1.0%. Tetra Tech’s payout ratio is 17.37%.

Insiders Place Their Bets

In other Tetra Tech news, Director Jeffrey R. Feeler bought 1,900 shares of Tetra Tech stock in a transaction on Friday, May 15th. The shares were acquired at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the purchase, the director directly owned 1,900 shares in the company, valued at approximately $50,179. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on TTEK shares. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a research note on Thursday, April 30th. Weiss Ratings cut shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and an average target price of $41.00.

Tetra Tech Profile

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.