Tetra Tech (NASDAQ:TTEK) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Tetra Tech (NASDAQ:TTEK) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Several other analysts also recently issued reports on TTEK. National Bank Financial reduced their price target 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. Weiss Ratings cut shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Royal Bank Of Canada cut their price objective on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Finally, Robert W. Baird set a $37.00 target price on Tetra Tech in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have assigned 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 Trading Up 2.2%

Shares of TTEK stock opened at $33.16 on Friday. The stock has a market cap of $8.61 billion, a P/E ratio of 19.98 and a beta of 0.92. The company has a quick ratio of 1.25, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The business has a fifty day simple moving average of $29.52 and a 200-day simple moving average of $32.06.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. 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. On average, analysts forecast that Tetra Tech will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is presently 17.47%.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Jeffrey R. Feeler purchased 1,900 shares of the stock in a transaction on Friday, May 15th. The stock was bought at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the acquisition, the director directly owned 1,900 shares of the company’s stock, valued at $50,179. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Tetra Tech

Hedge funds have recently modified their holdings of the stock. First Horizon Corp increased its position in Tetra Tech by 50.4% during the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 295 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 341 shares during the period. OP Asset Management Ltd acquired a new position in Tetra Tech in the first quarter valued at $34,000. Evelyn Partners Investment Management Services Ltd purchased a new stake in Tetra Tech during the first quarter valued at about $35,000. Finally, Geneos Wealth Management Inc. increased its stake in Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 751 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

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.