Alpine Woods Capital Investors LLC Has $5.42 Million Stock Holdings in Tetra Tech, Inc. $TTEK

Key Points

• Alpine Woods Capital Investors LLC increased its stake in Tetra Tech by 11.7%, owning approximately $5.42 million worth of the stock, making it the company's 25th largest holding.
• Several institutional investors have shown interest in Tetra Tech, with 93.89% of the company's stock owned by institutional investors and hedge funds.
• Tetra Tech announced a quarterly dividend of $0.065 per share, with an annualized yield of 0.8% and a payout ratio of 32.50%.

Alpine Woods Capital Investors LLC boosted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 11.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 150,598 shares of the industrial products company's stock after buying an additional 15,721 shares during the quarter. Tetra Tech makes up approximately 1.3% of Alpine Woods Capital Investors LLC's holdings, making the stock its 25th largest holding. Alpine Woods Capital Investors LLC owned about 0.06% of Tetra Tech worth $5,416,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Chilton Capital Management LLC acquired a new position in shares of Tetra Tech in the 1st quarter valued at $25,000. Central Pacific Bank Trust Division acquired a new position in shares of Tetra Tech in the 2nd quarter valued at $32,000. Baillie Gifford & Co. acquired a new position in shares of Tetra Tech in the 1st quarter valued at $27,000. SVB Wealth LLC acquired a new position in shares of Tetra Tech in the 1st quarter valued at $36,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 751 shares during the period. Institutional investors and hedge funds own 93.89% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. National Bank Financial assumed coverage on Tetra Tech in a research note on Wednesday, October 8th. They issued an "outperform" rating and a $41.00 price target on the stock. Northcoast Research reissued a "neutral" rating on shares of Tetra Tech in a research note on Wednesday, October 1st. KeyCorp increased their price target on 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 downgraded Tetra Tech from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Tetra Tech has a consensus rating of "Hold" and an average price target of $41.00.

Tetra Tech Stock Performance

Shares of Tetra Tech stock opened at $34.57 on Tuesday. The company has a market capitalization of $9.08 billion, a PE ratio of 43.21 and a beta of 0.94. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $51.20. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. The stock's fifty day simple moving average is $35.56 and its 200 day simple moving average is $34.66.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $1.15 billion for 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 firm's revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business 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. On average, research analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.065 per share. 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 dividend payout ratio is 32.50%.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the transaction, the director owned 37,725 shares in the company, valued at approximately $1,358,100. This represents a 5.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company's stock.

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.

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