Tetra Tech, Inc. (NASDAQ:TTEK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have earned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $38.25.

A number of research firms recently issued reports on TTEK. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Royal Bank Of Canada cut their target price on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. National Bank Financial reduced their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, Robert W. Baird set a $37.00 price target on shares of Tetra Tech in a research report on Thursday, July 30th.

Institutional Investors Weigh In On Tetra Tech

Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Tetra Tech during the 4th quarter valued at about $115,162,000. Energy Income Partners LLC acquired a new stake in shares of Tetra Tech in the 2nd quarter worth approximately $68,512,000. Bank of America Corp DE acquired a new stake in shares of Tetra Tech in the 2nd quarter worth approximately $57,135,000. Capital International Investors boosted its holdings in shares of Tetra Tech by 27.4% in the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock valued at $302,416,000 after acquiring an additional 1,936,902 shares in the last quarter. Finally, Corient Private Wealth LP bought a new position in shares of Tetra Tech in the second quarter valued at approximately $44,964,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Price Performance

TTEK opened at $36.72 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $34.39 and its 200 day moving average price is $31.69. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 22.12 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.Tetra Tech’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. 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, sell-side analysts expect that Tetra Tech will post 1.58 earnings per share for the current year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 13th. Tetra Tech’s payout ratio is presently 16.87%.

About Tetra Tech

Tetra Tech, Inc (NASDAQ:TTEK) is a consulting and engineering services company that helps government and commercial clients address challenges involving water, the environment, infrastructure, energy and natural resources. Its services include planning, design, engineering, program and construction management, scientific consulting, data analysis and technology solutions.

The company works on projects such as water supply and treatment, environmental restoration, climate resilience, sustainable infrastructure, renewable energy, transportation and national security.