Aaron Wealth Advisors LLC Buys Shares of 8,057 Tetra Tech, Inc. $TTEK

Key Points

• Aaron Wealth Advisors LLC purchased 8,057 shares of Tetra Tech, Inc. for approximately $290,000, marking a significant investment in the industrial products company.
• Analysts have set a consensus price target of $41.67 for Tetra Tech, with several firms recently upgrading their ratings to "buy."
• Tetra Tech reported $1.15 billion in revenue for the last quarter, beating estimates, and declared a quarterly dividend of $0.065 per share.

Aaron Wealth Advisors LLC bought a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,057 shares of the industrial products company's stock, valued at approximately $290,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Tetra Tech by 4.9% during the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company's stock valued at $795,185,000 after buying an additional 1,273,692 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in Tetra Tech by 3.5% during the first quarter. Pictet Asset Management Holding SA now owns 14,502,940 shares of the industrial products company's stock worth $424,209,000 after buying an additional 484,053 shares during the period. Sarasin & Partners LLP purchased a new position in Tetra Tech during the first quarter worth $144,799,000. Robeco Schweiz AG boosted its stake in Tetra Tech by 30.3% during the first quarter. Robeco Schweiz AG now owns 3,192,116 shares of the industrial products company's stock worth $93,369,000 after buying an additional 742,241 shares during the period. Finally, Ninety One UK Ltd boosted its stake in Tetra Tech by 26.4% during the first quarter. Ninety One UK Ltd now owns 2,990,262 shares of the industrial products company's stock worth $87,465,000 after buying an additional 625,052 shares during the period. Institutional investors own 93.89% of the company's stock.

Tetra Tech Trading Down 1.3%

Shares of Tetra Tech stock traded down $0.47 during trading hours on Friday, reaching $36.06. The stock had a trading volume of 4,022,130 shares, compared to its average volume of 2,008,599. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $51.20. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 45.08 and a beta of 0.93. The firm has a 50 day simple moving average of $36.69 and a two-hundred day simple moving average of $34.11.

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 for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $1.59 EPS. Tetra Tech's quarterly revenue was up 1.9% on a year-over-year basis. 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, equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TTEK. KeyCorp boosted their target price on shares of Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Tetra Tech currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

Insiders Place Their Bets

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the sale, the director owned 37,725 shares of the company's stock, valued at $1,358,100. The trade was a 5.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by insiders.

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.