Formula Growth Ltd. Purchases New Holdings in Tetra Tech, Inc. $TTEK

Key Points

• Formula Growth Ltd. acquired 39,050 shares of Tetra Tech in the second quarter, valued at approximately $1.13 million. Institutional investors collectively own 93.89% of the company’s stock.
• Tetra Tech exceeded quarterly expectations with earnings of $0.42 per share versus the $0.40 consensus and revenue of $1.31 billion, though revenue declined 4.4% year over year. The company guided for fiscal 2026 EPS of $1.56–$1.59.
• The company paid a quarterly dividend of $0.072 per share, representing a 0.8% yield, while analysts maintain a “Moderate Buy” consensus with an average price target of $38.25.

Formula Growth Ltd. acquired a new position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 39,050 shares of the industrial products company's stock, valued at approximately $1,128,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in shares of Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 341 shares in the last quarter. OP Asset Management Ltd purchased a new position in shares of Tetra Tech during the first quarter valued at $34,000. Evelyn Partners Investment Management Services Ltd purchased a new position in shares of Tetra Tech during the first quarter valued at $35,000. Geneos Wealth Management Inc. raised its position in Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company's stock valued at $38,000 after buying an additional 751 shares during the period. Finally, Danske Bank A S purchased a new stake in Tetra Tech in the 3rd quarter worth about $53,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Performance

Shares of TTEK opened at $36.64 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14. The company's fifty day moving average is $32.56 and its 200-day moving average is $31.77. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 22.07 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. Tetra Tech's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. Equities analysts expect that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, August 13th. Tetra Tech's dividend payout ratio is 17.47%.

Analysts Set New Price Targets

TTEK has been the topic of several research analyst reports. Robert W. Baird set a $37.00 target price on Tetra Tech in a research note on Thursday, July 30th. Weiss Ratings raised shares of Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. National Bank Financial decreased their price target on shares of Tetra Tech from $38.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, July 13th. Wall Street Zen downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, Royal Bank Of Canada dropped their price objective on shares of Tetra Tech from $48.00 to $43.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.25.

About Tetra Tech

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech's multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company's core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.

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