Lbp Am Sa Boosts Holdings in Tetra Tech, Inc. $TTEK

Key Points

• Lbp Am Sa increased its holdings in Tetra Tech, Inc. ($TTEK) by 214.9%, now owning 205,011 shares worth $7,372,000 following a significant purchase during Q2.
• Analysts have raised Tetra Tech's price target, with KeyCorp increasing it from $41.00 to $43.00 and Royal Bank of Canada setting it at $47.00, reflecting positive sentiment towards the company's prospects.
• Tetra Tech recently declared a quarterly dividend of $0.065 per share, resulting in an annualized dividend yield of 0.8% and a payout ratio of 32.50%.

Lbp Am Sa increased its holdings in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 214.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,011 shares of the industrial products company's stock after purchasing an additional 139,899 shares during the period. Lbp Am Sa owned 0.08% of Tetra Tech worth $7,372,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. PGGM Investments raised its holdings in shares of Tetra Tech by 69.6% during the 2nd quarter. PGGM Investments now owns 831,733 shares of the industrial products company's stock worth $29,909,000 after acquiring an additional 341,400 shares in the last quarter. Union Bancaire Privee UBP SA raised its holdings in shares of Tetra Tech by 1.4% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 103,649 shares of the industrial products company's stock worth $3,737,000 after acquiring an additional 1,397 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Tetra Tech by 61.0% during the 2nd quarter. Signaturefd LLC now owns 5,175 shares of the industrial products company's stock worth $186,000 after acquiring an additional 1,961 shares in the last quarter. Novem Group raised its holdings in shares of Tetra Tech by 5.1% during the 2nd quarter. Novem Group now owns 15,427 shares of the industrial products company's stock worth $555,000 after acquiring an additional 754 shares in the last quarter. Finally, Maridea Wealth Management LLC purchased a new stake in shares of Tetra Tech during the 2nd quarter worth approximately $452,000. 93.89% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction 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 transaction, the director 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company's stock.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $33.19 on Thursday. The business's 50 day moving average price is $36.06 and its 200-day moving average price is $34.33. The company has a market cap of $8.72 billion, a P/E ratio of 41.49 and a beta of 0.94. 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 fifty-two week low of $27.27 and a fifty-two week high of $51.20.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.Tetra Tech's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.59 EPS. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. Sell-side analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech's dividend payout ratio is presently 32.50%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TTEK shares. KeyCorp upped their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the stock an "outperform" rating in a report on Monday. Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Northcoast Research reissued a "neutral" rating on shares of Tetra Tech in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $41.00.

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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