Legal & General Group Plc Takes Position in Tetra Tech, Inc. $TTEK

Key Points

• Legal & General Group Plc purchased 945,909 shares of Tetra Tech during the second quarter, valued at approximately $27.3 million and representing about 0.37% of the company. Institutional investors collectively own 93.89% of Tetra Tech.
• Analysts maintain a generally positive view, with three Buy ratings and two Holds; the stock has a consensus rating of “Moderate Buy” and an average price target of $38.25.
• Tetra Tech reported quarterly earnings of $0.42 per share, beating estimates by $0.02, while revenue reached $1.31 billion despite declining 4.4% year over year. The company also pays a quarterly dividend of $0.072 per share, for an annualized yield of approximately 0.8%.

Legal & General Group Plc bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 945,909 shares of the industrial products company's stock, valued at approximately $27,327,000. Legal & General Group Plc owned about 0.37% of Tetra Tech as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TTEK. CIBC Private Wealth Group LLC increased its position in shares of Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 341 shares during the period. OP Asset Management Ltd bought a new stake in shares of Tetra Tech in the first quarter worth about $34,000. Evelyn Partners Investment Management Services Ltd bought a new stake in shares of Tetra Tech in the first quarter worth about $35,000. Geneos Wealth Management Inc. increased its holdings in Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company's stock valued at $38,000 after purchasing an additional 751 shares during the period. Finally, Danske Bank A S purchased a new position in Tetra Tech during the 3rd quarter valued at about $53,000. 93.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Tetra Tech Price Performance

TTEK opened at $36.54 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 22.01 and a beta of 0.90. The stock has a fifty day simple moving average of $32.74 and a two-hundred day simple moving average of $31.80. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14.

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

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a dividend of $0.072 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.29 annualized dividend and a yield of 0.8%. Tetra Tech's payout ratio is presently 17.47%.

Tetra Tech Profile

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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