LGT Group Foundation Acquires 176,302 Shares of Tetra Tech, Inc. $TTEK

LGT Group Foundation grew its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,978,570 shares of the industrial products company’s stock after buying an additional 176,302 shares during the quarter. Tetra Tech makes up 1.1% of LGT Group Foundation’s portfolio, making the stock its 20th largest position. LGT Group Foundation’s holdings in Tetra Tech were worth $98,859,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Ninety One UK Ltd lifted its position in shares of Tetra Tech by 2.8% during the third quarter. Ninety One UK Ltd now owns 2,870,244 shares of the industrial products company’s stock worth $95,809,000 after purchasing an additional 78,332 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in Tetra Tech by 6.8% during the 2nd quarter. King Luther Capital Management Corp now owns 1,643,157 shares of the industrial products company’s stock worth $59,088,000 after buying an additional 105,286 shares in the last quarter. PGGM Investments lifted its holdings in Tetra Tech by 32.2% during the 3rd quarter. PGGM Investments now owns 1,099,907 shares of the industrial products company’s stock worth $36,715,000 after buying an additional 268,174 shares in the last quarter. LBP AM SA boosted its position in Tetra Tech by 68.4% in the 3rd quarter. LBP AM SA now owns 345,230 shares of the industrial products company’s stock valued at $11,524,000 after buying an additional 140,219 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Tetra Tech by 218.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 25,030 shares of the industrial products company’s stock valued at $900,000 after buying an additional 17,174 shares during the period. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Down 0.7%

Shares of NASDAQ TTEK opened at $34.87 on Monday. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $43.14. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $9.09 billion, a P/E ratio of 26.22 and a beta of 0.90. The firm has a 50 day moving average price of $36.55 and a 200 day moving average price of $35.16.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $974.28 million. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. 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 expect that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were issued a dividend of $0.065 per share. The ex-dividend date was Thursday, February 12th. This represents a $0.26 annualized dividend and a yield of 0.7%. Tetra Tech’s payout ratio is currently 19.55%.

Insider Transactions at Tetra Tech

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total value of $401,455.17. Following the completion of the sale, the senior vice president directly owned 46,496 shares in the company, valued at $1,870,534.08. This represents a 17.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TTEK shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $48.00 price target (up from $47.00) on shares of Tetra Tech in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. Robert W. Baird set a $43.00 target price on shares of Tetra Tech in a report on Thursday, January 29th. Finally, Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.60.

Tetra Tech Company Profile

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.