Neumeier Poma Investment Counsel LLC Purchases New Position in Tetra Tech, Inc. $TTEK

Neumeier Poma Investment Counsel LLC acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the 2nd quarter, Holdings Channel reports. The fund acquired 1,514,378 shares of the industrial products company’s stock, valued at approximately $43,750,380,000. Tetra Tech comprises about 3.0% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 15th biggest holding.

A number of other institutional investors have also recently bought and sold shares of TTEK. CIBC Private Wealth Group LLC raised its holdings in 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 worth $30,000 after purchasing an additional 341 shares during the period. OP Asset Management Ltd acquired a new position in shares of Tetra Tech in the 1st quarter valued at $34,000. Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Tetra Tech in the 1st quarter valued at $35,000. Geneos Wealth Management Inc. increased its position in shares of Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in Tetra Tech during the 3rd quarter worth $53,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Price Performance

Shares of TTEK opened at $37.00 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. Tetra Tech, Inc. has a twelve month low of $25.81 and a twelve month high of $43.14. The stock has a market capitalization of $9.47 billion, a P/E ratio of 22.29 and a beta of 0.90. The company has a 50 day moving average of $31.86 and a 200-day moving average of $31.87.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. As a group, equities research analysts forecast that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given a $0.072 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech’s payout ratio is currently 17.47%.

Analyst Ratings Changes

Several brokerages have issued reports on TTEK. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Royal Bank Of Canada cut their price objective on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird set a $37.00 target price on Tetra Tech in a research note on Thursday, July 30th. Finally, National Bank Financial dropped their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Tetra Tech currently has a consensus rating of “Moderate Buy” and an average target price of $38.25.

Tetra Tech 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.