FORA Capital LLC Makes New Investment in Tetra Tech, Inc. $TTEK

Key Points

• FORA Capital LLC acquired a new position in Tetra Tech, Inc., purchasing 15,128 shares valued at approximately $442,000 in the first quarter.
• Tetra Tech reported a quarterly earnings per share of $0.43, exceeding analysts' estimates, and raised its guidance for FY 2025 to between 1.490-1.540 EPS.
• The company declared a quarterly dividend of $0.065, reflecting a 0.7% yield with a payout ratio of 32.50%.

FORA Capital LLC bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,128 shares of the industrial products company's stock, valued at approximately $442,000.

A number of other hedge funds have also added to or reduced their stakes in TTEK. Chilton Capital Management LLC bought a new stake in Tetra Tech in the first quarter worth approximately $25,000. Baillie Gifford & Co. bought a new stake in Tetra Tech in the first quarter worth approximately $27,000. SVB Wealth LLC bought a new stake in Tetra Tech in the first quarter worth approximately $36,000. Caption Management LLC bought a new stake in Tetra Tech in the fourth quarter worth approximately $40,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Tetra Tech by 283.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,547 shares of the industrial products company's stock worth $45,000 after purchasing an additional 1,144 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TTEK has been the subject of several recent research reports. Robert W. Baird boosted their price objective on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. KeyCorp boosted their price objective on Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Wall Street Zen upgraded Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $41.67.

Tetra Tech Stock Down 1.3%

Shares of NASDAQ:TTEK traded down $0.49 during mid-day trading on Friday, hitting $36.42. 2,744,867 shares of the company traded hands, compared to its average volume of 1,936,578. The stock has a market cap of $9.57 billion, a P/E ratio of 45.53 and a beta of 0.93. 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 12-month low of $27.27 and a 12-month high of $51.20. The stock has a 50-day moving average price of $36.70 and a two-hundred day moving average price of $33.49.

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

Tetra Tech Announces Dividend

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

Insider Activity

In related news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is currently owned by insiders.

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.