Blair William & Co. IL Purchases 106,412 Shares of Tetra Tech, Inc. $TTEK

Key Points

• Blair William & Co. IL increased its holdings in Tetra Tech by 84.5% during the second quarter, acquiring an additional 106,412 shares and owning approximately 0.09% of the company valued at $8.36 million.
• As of the latest reports, Tetra Tech has a consensus rating of "Hold" with an average target price of $41.00 from analysts, with ratings ranging from Buy to Hold.
• Tetra Tech reported earnings of $0.43 per share, surpassing estimates, and reaffirmed its FY 2025 guidance, signaling a 1.9% revenue increase year-over-year.

Blair William & Co. IL lifted its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 84.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,374 shares of the industrial products company's stock after acquiring an additional 106,412 shares during the period. Blair William & Co. IL owned approximately 0.09% of Tetra Tech worth $8,356,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its position in shares of Tetra Tech by 1.7% during the second quarter. US Bancorp DE now owns 18,326 shares of the industrial products company's stock valued at $659,000 after acquiring an additional 299 shares in the last quarter. Ethic Inc. grew its position in Tetra Tech by 1.2% in the 1st quarter. Ethic Inc. now owns 28,745 shares of the industrial products company's stock worth $849,000 after purchasing an additional 334 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Tetra Tech by 22.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company's stock worth $74,000 after purchasing an additional 377 shares during the period. Fifth Third Bancorp grew its position in Tetra Tech by 9.7% in the 1st quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company's stock worth $157,000 after purchasing an additional 475 shares during the period. Finally, TT International Asset Management LTD grew its position in Tetra Tech by 3.1% in the 1st quarter. TT International Asset Management LTD now owns 16,993 shares of the industrial products company's stock worth $497,000 after purchasing an additional 515 shares during the period. Institutional investors own 93.89% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TTEK shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tetra Tech in a research report on Wednesday. National Bank Financial started coverage on shares of Tetra Tech in a research report on Wednesday. They issued an "outperform" rating and a $41.00 target price for the company. Wall Street Zen downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Northcoast Research reaffirmed a "neutral" rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Finally, KeyCorp lifted their price target on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Tetra Tech currently has a consensus rating of "Hold" and an average target price of $41.00.

Insiders Place Their Bets

In related news, Director Gary Birkenbeuel sold 2,390 shares of the company's 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 completion of the transaction, the director owned 37,725 shares of the company's stock, valued at approximately $1,358,100. This represents a 5.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company's stock.

Tetra Tech Trading Down 0.9%

Shares of Tetra Tech stock opened at $33.98 on Friday. The company has a market capitalization of $8.93 billion, a P/E ratio of 42.48 and a beta of 0.94. 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 fifty day moving average of $35.60 and a 200 day moving average of $34.59. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $1.15 billion during 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 quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior 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. On average, sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently announced 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 yield of 0.8%. Tetra Tech's dividend payout ratio is currently 32.50%.

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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