19,818 Shares in Tetra Tech, Inc. $TTEK Acquired by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC acquired 19,818 shares of Tetra Tech, valued at approximately $713,000, as disclosed in a recent SEC filing.
• Tetra Tech announced a quarterly dividend of $0.065 per share, representing an annualized yield of 0.8%, payable to shareholders of record.
• Analysts have a Moderate Buy rating on Tetra Tech, with a consensus target price increasing to $41.67.

U.S. Capital Wealth Advisors LLC bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,818 shares of the industrial products company's stock, valued at approximately $713,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its holdings in Tetra Tech by 35.6% in the second quarter. UMB Bank n.a. now owns 3,920 shares of the industrial products company's stock worth $141,000 after purchasing an additional 1,029 shares during the last quarter. Perpetual Ltd raised its position in Tetra Tech by 0.4% in the second quarter. Perpetual Ltd now owns 297,978 shares of the industrial products company's stock worth $10,715,000 after acquiring an additional 1,040 shares during the period. Fulton Bank N.A. bought a new position in Tetra Tech in the second quarter worth approximately $230,000. Wealth Enhancement Advisory Services LLC raised its position in Tetra Tech by 13.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,699 shares of the industrial products company's stock worth $794,000 after acquiring an additional 2,547 shares during the period. Finally, Focus Financial Network Inc. bought a new stake in shares of Tetra Tech during the 2nd quarter valued at $214,000. Hedge funds and other institutional investors own 93.89% of the company's stock.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the sale, the director directly owned 37,725 shares in the company, valued at approximately $1,358,100. The trade was a 5.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company's stock.

Tetra Tech Stock Performance

Shares of NASDAQ TTEK opened at $33.10 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $8.70 billion, a P/E ratio of 41.38 and a beta of 0.93. The firm's fifty day moving average is $36.44 and its two-hundred day moving average is $34.21. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. Tetra Tech's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period 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. As a group, analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 15th. Tetra Tech's payout ratio is currently 32.50%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. KeyCorp raised their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two 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 currently has an average rating of "Moderate Buy" and a consensus target price of $41.67.

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.

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