KBC Group NV Trims Stock Holdings in Tetra Tech, Inc. $TTEK

KBC Group NV decreased its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 96.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,816 shares of the industrial products company’s stock after selling 205,132 shares during the quarter. KBC Group NV’s holdings in Tetra Tech were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. LGT Group Foundation raised its stake in shares of Tetra Tech by 124.2% during the 1st quarter. LGT Group Foundation now owns 2,734,057 shares of the industrial products company’s stock valued at $79,971,000 after purchasing an additional 1,514,583 shares during the period. Vanguard Group Inc. grew its holdings in Tetra Tech by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock valued at $795,185,000 after buying an additional 1,273,692 shares in the last quarter. Van Berkom & Associates Inc. bought a new stake in shares of Tetra Tech during the first quarter valued at about $32,816,000. Bornite Capital Management LP bought a new stake in shares of Tetra Tech during the second quarter valued at about $36,970,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Tetra Tech by 136.5% in the first 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 in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $35.64 on Wednesday. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $43.50. The company has a fifty day moving average of $33.92 and a 200-day moving average of $35.26. The company has a market capitalization of $9.37 billion, a P/E ratio of 44.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, November 12th. The industrial products company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. As a group, equities research analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, December 1st. Tetra Tech’s dividend payout ratio (DPR) is currently 27.96%.

Analyst Ratings Changes

TTEK has been the topic of a number of analyst reports. National Bank Financial initiated coverage on shares of Tetra Tech in a report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price on the stock. KeyCorp boosted their price target on shares of Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Finally, Robert W. Baird upped their target price on Tetra Tech from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.20.

Tetra Tech Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.