Janney Montgomery Scott LLC reduced its position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 65.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,205 shares of the industrial products company's stock after selling 28,625 shares during the quarter. Janney Montgomery Scott LLC's holdings in Tetra Tech were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of TTEK. Jones Financial Companies Lllp raised its position in shares of Tetra Tech by 98.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 495 shares during the last quarter. Caption Management LLC acquired a new position in Tetra Tech in the fourth quarter valued at about $40,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Tetra Tech during the fourth quarter worth about $63,000. Johnson Financial Group Inc. purchased a new stake in shares of Tetra Tech during the fourth quarter worth approximately $61,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Tetra Tech by 734.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 1,483 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.
Analysts Set New Price Targets
TTEK has been the subject of a number of research analyst reports. Robert W. Baird raised their price target on Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. KeyCorp lifted their price objective on Tetra Tech from $34.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Maxim Group downgraded Tetra Tech from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $41.00.
View Our Latest Stock Report on TTEK
Tetra Tech Trading Down 0.5%
Shares of Tetra Tech stock traded down $0.20 during trading on Monday, reaching $36.40. 1,075,572 shares of the company were exchanged, compared to its average volume of 2,127,867. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $9.59 billion, a price-to-earnings ratio of 52.91 and a beta of 0.94. The business has a 50-day moving average price of $34.89 and a 200-day moving average price of $33.91.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. Tetra Tech had a return on equity of 23.31% and a net margin of 3.44%. The business's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 earnings per share. Sell-side analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.
Tetra Tech Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.71%. This is a positive change from Tetra Tech's previous quarterly dividend of $0.06. The ex-dividend date was Friday, May 23rd. Tetra Tech's payout ratio is presently 37.68%.
About Tetra Tech
(
Free Report)
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.
Featured Articles
Before you consider Tetra Tech, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tetra Tech wasn't on the list.
While Tetra Tech currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
