Paradoxiom Capital L.P. Acquires Shares of 140,955 Tetra Tech, Inc. $TTEK

Key Points

• Paradoxiom Capital L.P. has acquired 140,955 shares of Tetra Tech, Inc., valued at approximately $4.1 million, making it the firm’s 14th largest holding.
• Recent analyst ratings for Tetra Tech have improved, with Wall Street Zen upgrading the stock from "hold" to "buy" and KeyCorp increasing its price target from $41.00 to $43.00.
• Tetra Tech's recent earnings report showed an EPS of $0.43, surpassing analysts' estimates, and it has set its FY 2025 guidance at 1.490-1.540 EPS.

Paradoxiom Capital L.P. acquired a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 140,955 shares of the industrial products company's stock, valued at approximately $4,123,000. Tetra Tech comprises 2.7% of Paradoxiom Capital L.P.'s investment portfolio, making the stock its 14th largest holding. Paradoxiom Capital L.P. owned approximately 0.05% of Tetra Tech at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Praxis Investment Management Inc. purchased a new stake in Tetra Tech in the first quarter valued at about $348,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Tetra Tech by 39.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company's stock valued at $541,000 after purchasing an additional 5,275 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Tetra Tech by 259.3% in the 1st quarter. SG Americas Securities LLC now owns 46,406 shares of the industrial products company's stock valued at $1,357,000 after purchasing an additional 33,491 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in Tetra Tech in the 1st quarter worth approximately $590,000. Finally, FORA Capital LLC purchased a new stake in Tetra Tech during the 1st quarter worth approximately $442,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

NASDAQ:TTEK traded up $0.56 during mid-day trading on Wednesday, hitting $35.66. The company's stock had a trading volume of 2,293,825 shares, compared to its average volume of 1,932,640. The business's fifty day moving average is $36.69 and its two-hundred day moving average is $33.75. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 44.58 and a beta of 0.93. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18.

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

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 15th. Tetra Tech's payout ratio is 32.50%.

Insider Activity

In related news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction on 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 directly 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 filing with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTEK. KeyCorp lifted their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.67.

Tetra Tech Company Profile

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.