Radnor Capital Management LLC Buys 26,435 Shares of Tetra Tech, Inc. $TTEK

Key Points

• Radnor Capital Management LLC increased its stake in Tetra Tech by 353.2% in the second quarter, acquiring an additional 26,435 shares and bringing its total holdings to 33,920 shares, valued at $1,220,000.
• Analysts have recently upgraded Tetra Tech's stock rating from "hold" to "buy," with a consensus price target of $41.67 and an average rating of "Moderate Buy."
• Tetra Tech announced a quarterly dividend of $0.065 per share, resulting in an annualized dividend yield of 0.7%, with a payout ratio of 32.50%.

Radnor Capital Management LLC grew its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 353.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,920 shares of the industrial products company's stock after purchasing an additional 26,435 shares during the quarter. Radnor Capital Management LLC's holdings in Tetra Tech were worth $1,220,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TTEK. Ethic Inc. increased its holdings in shares of Tetra Tech by 1.2% in the 1st quarter. Ethic Inc. now owns 28,745 shares of the industrial products company's stock valued at $849,000 after acquiring an additional 334 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Tetra Tech by 22.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company's stock valued at $74,000 after acquiring an additional 377 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Tetra Tech by 9.7% during the first quarter. Fifth Third Bancorp now owns 5,351 shares of the industrial products company's stock worth $157,000 after purchasing an additional 475 shares in the last quarter. TT International Asset Management LTD boosted its holdings in Tetra Tech by 3.1% in the 1st quarter. TT International Asset Management LTD now owns 16,993 shares of the industrial products company's stock valued at $497,000 after purchasing an additional 515 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Tetra Tech by 30.9% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,335 shares of the industrial products company's stock worth $68,000 after purchasing an additional 551 shares during the period. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Stock Performance

TTEK traded down $0.47 during trading hours on Friday, hitting $36.06. The company's stock had a trading volume of 4,022,130 shares, compared to its average volume of 2,008,599. Tetra Tech, Inc. has a fifty-two week low of $27.27 and a fifty-two week high of $51.20. The firm has a market capitalization of $9.48 billion, a PE ratio of 45.08 and a beta of 0.93. The company has a 50-day simple moving average of $36.69 and a 200 day simple moving average of $34.11. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50.

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

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a $0.065 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. Tetra Tech's dividend payout ratio (DPR) is currently 32.50%.

Analyst Upgrades and Downgrades

TTEK has been the subject of a number of research reports. KeyCorp lifted their price target on Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wall Street Zen raised shares of Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.67.

Insider Activity at Tetra Tech

In related news, Director Gary Birkenbeuel sold 2,390 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the transaction, the director owned 37,725 shares in the company, valued at $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.40% of the company's stock.

Tetra Tech Company 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.