HBK Investments L P Lowers Stock Holdings in Tetra Tech, Inc. $TTEK

Key Points

• HBK Investments sharply reduced its Tetra Tech stake by 63.2% in the second quarter, selling 151,105 shares and retaining 87,923 shares valued at approximately $2.54 million. Institutional investors collectively own 93.89% of TTEK.
• Analyst sentiment remains generally positive, with three Buy ratings and two Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $38.25.
• Tetra Tech recently exceeded quarterly earnings expectations, reporting $0.42 in EPS versus $0.40 expected and $1.31 billion in revenue. The company also declared a quarterly dividend of $0.072 per share, equivalent to a 0.8% annualized yield.

HBK Investments L P lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 63.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,923 shares of the industrial products company's stock after selling 151,105 shares during the period. HBK Investments L P's holdings in Tetra Tech were worth $2,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TTEK. OP Asset Management Ltd purchased a new stake in shares of Tetra Tech during the first quarter worth approximately $34,000. Evelyn Partners Investment Management Services Ltd purchased a new position in Tetra Tech in the 1st quarter valued at $35,000. Larson Financial Group LLC increased its stake in Tetra Tech by 26.9% in the 4th quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company's stock valued at $57,000 after buying an additional 358 shares during the period. Rothschild Investment LLC raised its position in Tetra Tech by 1,243.0% during the 4th quarter. Rothschild Investment LLC now owns 1,907 shares of the industrial products company's stock worth $64,000 after buying an additional 1,765 shares during the last quarter. Finally, Globeflex Capital L P purchased a new position in Tetra Tech during the 2nd quarter worth $72,000. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TTEK. Weiss Ratings raised shares of Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Royal Bank Of Canada cut their price target on shares of Tetra Tech from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Wednesday, July 22nd. Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a research report on Thursday, July 30th. Wall Street Zen lowered Tetra Tech from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Finally, National Bank Financial cut their target price on Tetra Tech from $38.00 to $35.00 and set an "outperform" rating for the company in a research note on Monday, July 13th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.25.

Tetra Tech Price Performance

Shares of NASDAQ TTEK traded down $0.25 during trading on Wednesday, hitting $36.47. 1,756,846 shares of the company were exchanged, compared to its average volume of 3,051,601. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 21.97 and a beta of 0.90. The firm's fifty day moving average price is $34.39 and its 200 day moving average price is $31.69.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.02. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The business's revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. 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. On average, sell-side analysts expect that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, August 13th. Tetra Tech's dividend payout ratio (DPR) is presently 16.87%.

Tetra Tech Profile

Tetra Tech, Inc NASDAQ: TTEK is a consulting and engineering services company that helps government and commercial clients address challenges involving water, the environment, infrastructure, energy and natural resources. Its services include planning, design, engineering, program and construction management, scientific consulting, data analysis and technology solutions.

The company works on projects such as water supply and treatment, environmental restoration, climate resilience, sustainable infrastructure, renewable energy, transportation and national security.

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