Tetra Tech, Inc. (NASDAQ:TTEK) Receives $41.00 Consensus Target Price from Analysts

Tetra Tech, Inc. (NASDAQ:TTEK) has been assigned a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $41.00.

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a report on Saturday, September 27th. KeyCorp lifted their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Wall Street Zen cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank Of Canada set a $47.00 price objective on shares of Tetra Tech and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Northcoast Research reiterated a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st.

Insider Activity

In other news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the sale, the director owned 37,725 shares of the company’s stock, valued at approximately $1,358,100. This represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Tetra Tech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Tetra Tech by 4.9% during the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company’s stock worth $795,185,000 after acquiring an additional 1,273,692 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Tetra Tech by 3.5% during the first quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company’s stock worth $424,209,000 after acquiring an additional 484,053 shares during the last quarter. Sands Capital Management LLC grew its position in shares of Tetra Tech by 26.5% during the second quarter. Sands Capital Management LLC now owns 5,200,335 shares of the industrial products company’s stock worth $187,004,000 after acquiring an additional 1,089,599 shares during the last quarter. Sarasin & Partners LLP grew its position in shares of Tetra Tech by 1.2% during the second quarter. Sarasin & Partners LLP now owns 4,683,576 shares of the industrial products company’s stock worth $168,421,000 after acquiring an additional 55,012 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in shares of Tetra Tech by 84.9% during the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after acquiring an additional 1,847,087 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Stock Up 0.2%

TTEK opened at $33.74 on Wednesday. The firm’s 50 day simple moving average is $35.88 and its two-hundred day simple moving average is $34.45. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $8.87 billion, a PE ratio of 42.18 and a beta of 0.94. Tetra Tech has a 1-year low of $27.27 and a 1-year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. Tetra Tech’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company posted $1.59 earnings per share. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. As a group, equities analysts forecast that Tetra Tech will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. Tetra Tech’s dividend payout ratio (DPR) is 32.50%.

About Tetra Tech

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.