Tetra Tech (NASDAQ:TTEK) Stock Sees Unusually High Put Option Buying

Tetra Tech, Inc. (NASDAQ:TTEK) saw unusually large options trading activity on Tuesday. Traders acquired 9,556 put options on the stock. This represents an increase of 2,428% compared to the average daily volume of 378 put options.

Institutional Trading of Tetra Tech

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Tetra Tech during the fourth quarter valued at approximately $115,162,000. Energy Income Partners LLC bought a new position in Tetra Tech during the 2nd quarter valued at $68,512,000. Bank of America Corp DE bought a new position in Tetra Tech during the 2nd quarter valued at $57,135,000. Capital International Investors boosted its holdings in Tetra Tech by 27.4% during the 4th quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock worth $302,416,000 after acquiring an additional 1,936,902 shares during the last quarter. Finally, Corient Private Wealth LP bought a new stake in shares of Tetra Tech in the 2nd quarter worth $44,964,000. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Down 0.6%

TTEK traded down $0.21 during midday trading on Tuesday, hitting $33.67. The company had a trading volume of 358,336 shares, compared to its average volume of 3,013,728. The stock’s 50 day moving average price is $35.09 and its 200 day moving average price is $31.67. Tetra Tech has a 52 week low of $25.81 and a 52 week high of $43.14. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 20.29 and a beta of 0.90. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating 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 the consensus estimate of $1.08 billion. During the same period last year, the business posted $0.43 EPS. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. 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, research analysts anticipate that Tetra Tech will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a dividend of $0.0720 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 13th. Tetra Tech’s dividend payout ratio is presently 17.47%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TTEK. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a report on Thursday, July 30th. National Bank Financial lowered their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. 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. Finally, Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.25.

Tetra Tech Company Profile

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.