Tetra Tech, Inc. $TTEK Shares Sold by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC decreased its holdings in Tetra Tech, Inc. by 22.0%, selling 31,239 shares during the first quarter for a total value of $3,242,000.
• Tetra Tech reported quarterly earnings of $0.43 per share, exceeding the consensus estimate of $0.37, with revenues matching expectations at $1.15 billion.
• The company declared a quarterly dividend of $0.065 per share, providing a 0.7% dividend yield for investors of record as of August 15th.

HighTower Advisors LLC lowered its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 22.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 110,826 shares of the industrial products company's stock after selling 31,239 shares during the quarter. HighTower Advisors LLC's holdings in Tetra Tech were worth $3,242,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Praxis Investment Management Inc. purchased a new position in Tetra Tech in the 1st quarter worth approximately $348,000. Cambridge Investment Research Advisors Inc. boosted its holdings in Tetra Tech by 39.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company's stock worth $541,000 after acquiring an additional 5,275 shares during the period. SG Americas Securities LLC boosted its holdings in Tetra Tech by 259.3% in the 1st quarter. SG Americas Securities LLC now owns 46,406 shares of the industrial products company's stock worth $1,357,000 after acquiring an additional 33,491 shares during the period. Summit Trail Advisors LLC purchased a new position in Tetra Tech in the 1st quarter worth approximately $590,000. Finally, Catalyst Capital Advisors LLC boosted its holdings in Tetra Tech by 16.2% in the 1st quarter. Catalyst Capital Advisors LLC now owns 72,960 shares of the industrial products company's stock worth $2,134,000 after acquiring an additional 10,159 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.

Tetra Tech Stock Up 0.5%

Shares of TTEK traded up $0.17 during trading on Wednesday, reaching $36.98. The company's stock had a trading volume of 2,528,768 shares, compared to its average volume of 1,971,638. The company has a fifty day moving average of $36.65 and a two-hundred day moving average of $33.40. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 46.23 and a beta of 0.92. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50.

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 analysts' consensus estimates of $0.37 by $0.06. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the company posted $1.59 EPS. Tetra Tech's quarterly revenue was up 1.9% on a year-over-year basis. 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 predict that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, August 15th. Tetra Tech's dividend payout ratio is presently 32.50%.

Analyst Ratings Changes

A number of research firms have weighed in on TTEK. Wall Street Zen upgraded Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. KeyCorp upped their price target on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Robert W. Baird upped their price target on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. 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 stock currently has an average rating of "Moderate Buy" and a consensus price target of $41.67.

Insider Activity

In related news, Director Gary Birkenbeuel sold 2,390 shares of the company's 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 sale, the director directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company's stock.

Tetra Tech Company 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.