TimesSquare Capital Management LLC Sells 552,776 Shares of Tetra Tech, Inc. $TTEK

TimesSquare Capital Management LLC trimmed its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 52.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 495,020 shares of the industrial products company’s stock after selling 552,776 shares during the quarter. TimesSquare Capital Management LLC owned 0.19% of Tetra Tech worth $16,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TTEK. Abich Financial Wealth Management LLC bought a new stake in Tetra Tech in the 3rd quarter valued at $159,000. Assetmark Inc. increased its holdings in shares of Tetra Tech by 44.2% during the 3rd quarter. Assetmark Inc. now owns 6,624 shares of the industrial products company’s stock worth $221,000 after purchasing an additional 2,029 shares during the period. Caprock Group LLC acquired a new position in shares of Tetra Tech during the third quarter valued at about $1,681,000. Advisors Asset Management Inc. lifted its stake in shares of Tetra Tech by 5.2% in the third quarter. Advisors Asset Management Inc. now owns 119,533 shares of the industrial products company’s stock valued at $3,990,000 after buying an additional 5,873 shares during the period. Finally, MQS Management LLC acquired a new stake in Tetra Tech during the third quarter worth about $307,000. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of NASDAQ:TTEK opened at $36.69 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.31 and a quick ratio of 1.31. The business’s fifty day moving average price is $36.18 and its two-hundred day moving average price is $35.27. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $43.14. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 27.59 and a beta of 0.91.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, January 28th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $974.28 million. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. 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. As a group, analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. Tetra Tech’s dividend payout ratio (DPR) is presently 19.55%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Tetra Tech

In other news, SVP Brian N. Carter sold 9,979 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total value of $401,455.17. Following the transaction, the senior vice president directly owned 46,496 shares of the company’s stock, valued at $1,870,534.08. The trade was a 17.67% decrease in their position. 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.

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.