Geode Capital Management LLC Purchases 52,375 Shares of Tetra Tech, Inc. $TTEK

Geode Capital Management LLC lifted its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,082,342 shares of the industrial products company’s stock after buying an additional 52,375 shares during the period. Geode Capital Management LLC’s holdings in Tetra Tech were worth $170,496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TTEK. First Horizon Corp raised 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 acquiring an additional 295 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Tetra Tech by 136.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 751 shares in the last quarter. Danske Bank A S bought a new stake in shares of Tetra Tech in the third quarter valued at about $53,000. Larson Financial Group LLC raised its holdings in shares of Tetra Tech by 26.9% in the fourth quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 358 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in shares of Tetra Tech by 84.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,755 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 801 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on TTEK. Robert W. Baird set a $35.00 price objective on Tetra Tech in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Tetra Tech has an average rating of “Moderate Buy” and an average price target of $41.00.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $27.80 on Thursday. The company has a market capitalization of $7.21 billion, a PE ratio of 16.65 and a beta of 0.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day simple moving average of $29.84 and a two-hundred day simple moving average of $33.41. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business 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 firm’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $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. Research analysts expect that Tetra Tech, Inc. will post 1.53 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were issued a $0.072 dividend. This is a boost 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%. The ex-dividend date was Thursday, May 14th. Tetra Tech’s dividend payout ratio is presently 17.37%.

Insider Buying and Selling

In other news, Director Jeffrey R. Feeler bought 1,900 shares of Tetra Tech stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the acquisition, 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

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.