Edgestream Partners L.P. Raises Stock Position in Tetra Tech, Inc. $TTEK

Edgestream Partners L.P. grew its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 37.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,937 shares of the industrial products company’s stock after acquiring an additional 33,442 shares during the period. Edgestream Partners L.P.’s holdings in Tetra Tech were worth $3,673,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in Tetra Tech during the fourth quarter worth $225,000. AQR Capital Management LLC increased its position in shares of Tetra Tech by 451.6% in the first quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock valued at $4,204,000 after buying an additional 118,774 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of 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 buying an additional 957,050 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after buying an additional 751 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Tetra Tech by 754.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 1,638 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of TTEK opened at $33.16 on Friday. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14. The company’s 50 day simple moving average is $29.52 and its 200 day simple moving average is $32.06. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 19.98 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last released its 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 net margin of 8.60% and a return on equity of 22.32%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the company earned $0.43 EPS. Tetra Tech’s revenue for the quarter 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, sell-side analysts predict that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a $0.072 dividend. 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 0.9%. Tetra Tech’s payout ratio is currently 17.47%.

Wall Street Analyst Weigh In

TTEK has been the topic of several research reports. Robert W. Baird set a $37.00 price target on shares of Tetra Tech in a research report on Thursday. Weiss Ratings lowered Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. National Bank Financial lowered 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. Royal Bank Of Canada reduced their price objective on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Finally, Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.25.

Insider Buying and Selling

In other Tetra Tech news, Director Jeffrey R. Feeler bought 1,900 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the purchase, the director owned 1,900 shares of the company’s stock, valued at $50,179. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Tetra Tech Company 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.