Brokerages Set Tetra Tech, Inc. (NASDAQ:TTEK) PT at $41.00

Tetra Tech, Inc. (NASDAQ:TTEK) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $41.00.

Several equities analysts have recently issued reports on the stock. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research note on Monday, April 20th.

Insider Activity at Tetra Tech

In other news, Director Jeffrey R. Feeler acquired 1,900 shares of Tetra Tech stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $26.41 per share, with a total value of $50,179.00. Following the purchase, the director owned 1,900 shares in the company, valued at $50,179. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Tetra Tech

A number of hedge funds have recently added to or reduced their stakes in TTEK. Bfsg LLC acquired a new position in shares of Tetra Tech during the third quarter worth approximately $25,000. First Horizon Corp raised its holdings in Tetra Tech by 50.4% during the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 295 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in Tetra Tech by 63.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 341 shares during the last quarter. Root Financial Partners LLC acquired a new position in Tetra Tech during the third quarter worth $30,000. Finally, OP Asset Management Ltd acquired a new position in Tetra Tech during the first quarter worth $34,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Trading Up 4.2%

Shares of Tetra Tech stock opened at $27.27 on Thursday. The firm has a market capitalization of $7.08 billion, a PE ratio of 16.33 and a beta of 1.00. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $31.00 and its 200 day moving average is $33.82. Tetra Tech has a 1 year low of $25.81 and a 1 year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. 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. Equities research analysts forecast that Tetra Tech will post 1.53 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be paid a $0.072 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s payout ratio is currently 17.37%.

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.