Horizon Investments LLC Invests $1.87 Million in Tetra Tech, Inc. $TTEK

Key Points

• Horizon Investments LLC opened a new position of 55,691 Tetra Tech shares in Q4 valued at about $1.87 million, and institutional investors/hedge funds now hold roughly 93.89% of the stock.
• Tetra Tech beat estimates with quarterly EPS of $0.34 (vs. $0.31) and revenue of $1.22 billion, and set FY2026 guidance of 1.50–1.58 EPS (consensus ~1.53).
• Analysts' consensus is a Moderate Buy with an average price target of $41.00 while the stock trades near $31.65, and the company raised its quarterly dividend to $0.072 (annualized $0.29, ~0.9% yield).

Horizon Investments LLC acquired a new position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 55,691 shares of the industrial products company's stock, valued at approximately $1,868,000.

Several other large investors have also recently made changes to their positions in the stock. First Horizon Corp lifted its holdings in shares of Tetra Tech by 50.4% in the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company's stock worth $30,000 after acquiring an additional 295 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Tetra Tech by 3.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 8,514 shares of the industrial products company's stock worth $285,000 after acquiring an additional 319 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Tetra Tech by 3.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 9,162 shares of the industrial products company's stock worth $306,000 after acquiring an additional 328 shares during the last quarter. Transcend Capital Advisors LLC lifted its holdings in shares of Tetra Tech by 4.3% in the 3rd quarter. Transcend Capital Advisors LLC now owns 8,291 shares of the industrial products company's stock worth $277,000 after acquiring an additional 340 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Tetra Tech by 4.2% in the 3rd quarter. IFP Advisors Inc now owns 10,370 shares of the industrial products company's stock worth $347,000 after acquiring an additional 414 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on TTEK. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a report on Thursday, April 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Tetra Tech in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

Tetra Tech Price Performance

Tetra Tech stock opened at $31.65 on Wednesday. The firm has a market cap of $8.25 billion, a PE ratio of 18.95 and a beta of 1.00. Tetra Tech, Inc. has a 52-week low of $29.57 and a 52-week high of $43.14. The company has a quick ratio of 1.31, a current ratio of 1.25 and a debt-to-equity ratio of 0.47. The company's 50 day moving average is $32.16 and its two-hundred day moving average is $34.12.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The firm's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 EPS. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. On average, research analysts expect that Tetra Tech, Inc. will post 1.53 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be given a $0.072 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Tetra Tech's previous quarterly dividend of $0.07. Tetra Tech's payout ratio is currently 15.57%.

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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