Brokerages Set Tetra Tech, Inc. (NASDAQ:TTEK) PT at $42.60

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $42.60.

A number of brokerages have issued reports on TTEK. Robert W. Baird set a $43.00 target price on shares of Tetra Tech in a report on Thursday, January 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, January 21st.

Insider Buying and Selling

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the company’s 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 owned 46,496 shares of the company’s stock, valued at approximately $1,870,534.08. This represents a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bfsg LLC purchased a new stake in shares of Tetra Tech in the 3rd quarter worth about $25,000. Financial Consulate Inc. purchased a new position in Tetra Tech during the 3rd quarter valued at about $26,000. Root Financial Partners LLC acquired a new position in Tetra Tech during the third quarter worth about $30,000. First Horizon Corp lifted its holdings in shares of Tetra Tech by 50.4% in the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 295 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 341 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Price Performance

Shares of NASDAQ TTEK opened at $29.78 on Wednesday. The firm has a market capitalization of $7.77 billion, a P/E ratio of 22.39 and a beta of 0.90. Tetra Tech has a one year low of $27.27 and a one year high of $43.14. The company’s fifty day moving average is $35.56 and its two-hundred day moving average is $34.70. 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 (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $974.28 million. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue was down 13.4% compared to the same quarter last year. 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. Analysts forecast that Tetra Tech will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $0.26 annualized dividend and a yield of 0.9%. Tetra Tech’s payout ratio is currently 19.55%.

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.