Louisbourg Investments Inc. Sells 48,394 Shares of Tetra Tech, Inc. $TTEK

Louisbourg Investments Inc. trimmed its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 32.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,867 shares of the industrial products company's stock after selling 48,394 shares during the quarter. Louisbourg Investments Inc.'s holdings in Tetra Tech were worth $3,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. OP Asset Management Ltd bought a new position in Tetra Tech in the first quarter valued at about $34,000. Evelyn Partners Investment Management Services Ltd purchased a new position in Tetra Tech in the first quarter worth about $35,000. Mather Group LLC. boosted its position in Tetra Tech by 562.0% in the third quarter. Mather Group LLC. now owns 1,377 shares of the industrial products company's stock worth $45,000 after purchasing an additional 1,169 shares during the last quarter. Globeflex Capital L P purchased a new position in Tetra Tech in the second quarter worth about $72,000. Finally, TD Waterhouse Canada Inc. grew its stake in shares of Tetra Tech by 581.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 3,065 shares of the industrial products company's stock valued at $103,000 after purchasing an additional 2,615 shares during the period. Institutional investors own 93.89% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wall Street Zen lowered shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Saturday. National Bank Financial dropped their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an "outperform" rating on the stock in a report on Monday, July 13th. Weiss Ratings raised shares of Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Royal Bank Of Canada cut their target price on shares of Tetra Tech from $46.00 to $44.00 and set an "outperform" rating for the company in a research report on Thursday, October 15th. Finally, Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Tetra Tech Trading Up 1.0%

Tetra Tech stock opened at $34.96 on Wednesday. The firm has a 50 day moving average of $35.23 and a 200 day moving average of $31.95. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 22.20 and a beta of 0.95. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter last year, the business earned $0.43 EPS. The firm's revenue was down 4.4% compared to the same quarter last year. 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. As a group, research analysts predict that Tetra Tech, Inc. will post 1.58 earnings per share for the current year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a $0.0720 dividend. 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 dividend payout ratio is currently 17.47%.

Tetra Tech Profile

Tetra Tech, Inc NASDAQ: TTEK is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, environmental resources, infrastructure and energy. Its work includes planning, design, engineering, program management, construction management and technical consulting.

The company provides services related to water supply and treatment, environmental remediation, climate and disaster resilience, sustainable infrastructure, energy development, high-performance buildings and natural resource management.

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