1,514,378 Shares in Tetra Tech, Inc. $TTEK Purchased by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,514,378 shares of the industrial products company's stock, valued at approximately $43,750,380,000. Tetra Tech accounts for approximately 3.0% of Neumeier Poma Investment Counsel LLC's investment portfolio, making the stock its 15th largest holding. Neumeier Poma Investment Counsel LLC owned about 0.59% of Tetra Tech as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Optas LLC raised its holdings in shares of Tetra Tech by 2.6% in the 1st quarter. Optas LLC now owns 12,803 shares of the industrial products company's stock worth $386,000 after buying an additional 330 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in 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 valued at $30,000 after buying an additional 341 shares in the last quarter. Larson Financial Group LLC grew its position in Tetra Tech by 26.9% in the fourth quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 358 shares during the period. Parallel Advisors LLC grew its position in Tetra Tech by 8.1% in the first quarter. Parallel Advisors LLC now owns 4,799 shares of the industrial products company's stock valued at $145,000 after acquiring an additional 359 shares during the period. Finally, Groupe la Francaise raised its stake in Tetra Tech by 4.3% during the fourth quarter. Groupe la Francaise now owns 12,000 shares of the industrial products company's stock worth $402,000 after acquiring an additional 500 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $37.00 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a 50 day simple moving average of $31.86 and a 200 day simple moving average of $31.87. Tetra Tech, Inc. 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 $9.47 billion, a P/E ratio of 22.29 and a beta of 0.90.

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

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.072 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech's dividend payout ratio is 17.47%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTEK. Weiss Ratings upgraded shares of Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 7th. Royal Bank Of Canada cut their price target on shares of Tetra Tech from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Wednesday, July 22nd. Robert W. Baird set a $37.00 price target on shares of Tetra Tech in a research report on Thursday, July 30th. Wall Street Zen cut shares of Tetra Tech from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, National Bank Financial dropped their price target on Tetra Tech from $38.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $38.25.

About Tetra Tech

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.

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