Petrus Trust Company LTA Buys New Shares in Tetra Tech, Inc. $TTEK

Key Points

• Petrus Trust Company LTA has acquired a new stake in Tetra Tech, Inc., purchasing 26,072 shares valued at approximately $763,000 during the first quarter.
• Several institutional investors increased their holdings in Tetra Tech, with SG Americas Securities LLC boosting its stake by 259.3%, now holding shares worth $1,357,000.
• Research analysts have upgraded Tetra Tech from a "hold" to a "buy" rating, with a consensus target price increase to $41.67.

Petrus Trust Company LTA bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,072 shares of the industrial products company's stock, valued at approximately $763,000.

Several other institutional investors have also recently made changes to their positions in the stock. Ethic Inc. raised its holdings in shares of Tetra Tech by 1.2% during the first quarter. Ethic Inc. now owns 28,745 shares of the industrial products company's stock valued at $849,000 after acquiring an additional 334 shares during the last quarter. Fifth Third Bancorp raised its position in Tetra Tech by 9.7% in the first quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company's stock valued at $157,000 after purchasing an additional 475 shares during the period. TT International Asset Management LTD raised its position in Tetra Tech by 3.1% in the first quarter. TT International Asset Management LTD now owns 16,993 shares of the industrial products company's stock valued at $497,000 after purchasing an additional 515 shares during the period. Cullen Frost Bankers Inc. raised its position in Tetra Tech by 30.9% in the first quarter. Cullen Frost Bankers Inc. now owns 2,335 shares of the industrial products company's stock valued at $68,000 after purchasing an additional 551 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in shares of Tetra Tech by 3.0% in the first quarter. Arkadios Wealth Advisors now owns 21,314 shares of the industrial products company's stock valued at $623,000 after buying an additional 630 shares in the last quarter. Institutional investors own 93.89% of the company's stock.

Tetra Tech Stock Down 1.6%

Shares of NASDAQ TTEK traded down $0.56 during midday trading on Tuesday, reaching $35.15. 212,682 shares of the company's stock were exchanged, compared to its average volume of 2,395,991. 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 stock has a market capitalization of $9.24 billion, a PE ratio of 43.95 and a beta of 0.93. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The business's fifty day moving average price is $36.73 and its two-hundred day moving average price is $33.73.

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, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The business's revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 earnings per share. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. Analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

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

Insider Buying and Selling

In other news, Director Gary Birkenbeuel sold 2,390 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was 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 of the company's stock, valued at approximately $1,358,100. This trade represents a 5.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

TTEK has been the subject of a number of recent analyst reports. Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. KeyCorp upped their price target on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

Tetra Tech 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.