Rice Hall James & Associates LLC Makes New $3.53 Million Investment in Tetra Tech, Inc. $TTEK

Key Points

• Rice Hall James & Associates acquired 122,112 Tetra Tech shares in the second quarter, valued at approximately $3.53 million. Institutional investors and hedge funds collectively own 93.89% of the company.
• Analysts maintain a generally positive outlook, with three Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $38.25.
• Tetra Tech exceeded quarterly earnings expectations with $0.42 EPS versus a $0.40 consensus and $1.31 billion in revenue, while declaring a quarterly dividend of $0.072 per share, representing a 0.8% annualized yield.

Rice Hall James & Associates LLC acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 122,112 shares of the industrial products company's stock, valued at approximately $3,528,000.

Other large investors have also modified their holdings of the company. First Horizon Corp increased its holdings in shares of Tetra Tech by 50.4% in the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 295 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Tetra Tech by 63.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company's stock worth $30,000 after purchasing an additional 341 shares during the period. OP Asset Management Ltd acquired a new stake in Tetra Tech during the 1st quarter worth $34,000. Evelyn Partners Investment Management Services Ltd purchased a new position in Tetra Tech during the 1st quarter worth $35,000. Finally, Geneos Wealth Management Inc. grew its position 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 worth $38,000 after purchasing an additional 751 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TTEK has been the subject of a number of research reports. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a report on Thursday, July 30th. Royal Bank Of Canada lowered their price target on Tetra Tech from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. National Bank Financial dropped their price target on Tetra Tech from $38.00 to $35.00 and set an "outperform" rating on the stock in a research report on Monday, July 13th. Wall Street Zen raised Tetra Tech from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings raised Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.25.

Tetra Tech Stock Down 1.9%

Shares of NASDAQ:TTEK opened at $35.82 on Tuesday. Tetra Tech, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The firm's 50-day simple moving average is $31.17 and its 200-day simple moving average is $31.91. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 21.58 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $1.31 billion during 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 firm's revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.43 earnings per share. 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, equities research analysts predict that Tetra Tech, Inc. will post 1.58 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be issued a $0.072 dividend. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Tetra Tech's dividend payout ratio (DPR) is currently 17.47%.

Tetra Tech Company 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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