Graham Capital Management L.P. Has $1.47 Million Position in Tetra Tech, Inc. $TTEK

Key Points

• Graham Capital Management L.P. increased its stake in Tetra Tech, Inc. by 148.6% to 50,131 shares, worth approximately $1.47 million, according to recent SEC filings.
• Analysts have upgraded Tetra Tech stock ratings, with Wall Street Zen moving it from a "hold" to a "buy" and Robert W. Baird increasing the target price from $31.00 to $33.00.
• Tetra Tech reported a net margin of 3.94% with a revenue of $1.15 billion for the last quarter, beating the consensus EPS estimate of $0.37 by $0.06.

Graham Capital Management L.P. grew its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 148.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,131 shares of the industrial products company's stock after purchasing an additional 29,964 shares during the period. Graham Capital Management L.P.'s holdings in Tetra Tech were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TTEK. Brighton Jones LLC acquired a new stake in shares of Tetra Tech in the 4th quarter valued at approximately $225,000. Schonfeld Strategic Advisors LLC acquired a new stake in Tetra Tech during the 4th quarter worth approximately $940,000. Ameriprise Financial Inc. boosted its position in Tetra Tech by 16.0% during the 4th quarter. Ameriprise Financial Inc. now owns 866,937 shares of the industrial products company's stock worth $34,539,000 after buying an additional 119,804 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Tetra Tech during the 4th quarter worth approximately $3,231,000. Finally, Captrust Financial Advisors boosted its position in Tetra Tech by 85.9% during the 4th quarter. Captrust Financial Advisors now owns 45,965 shares of the industrial products company's stock worth $1,831,000 after buying an additional 21,241 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Tetra Tech Price Performance

Tetra Tech stock opened at $36.42 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The firm has a 50 day moving average price of $36.74 and a two-hundred day moving average price of $33.55. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 45.53 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. 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 business earned $1.59 EPS. The company's revenue was up 1.9% compared to the same quarter last year. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. Equities analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Dividend Announcement

The company also recently declared 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. The ex-dividend date was Friday, August 15th. This represents a $0.26 annualized dividend and a yield of 0.7%. Tetra Tech's dividend payout ratio (DPR) is presently 32.50%.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were 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 trade represents a 5.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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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