Free Trial

M&T Bank Corp Buys 16,093 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

Tetra Tech logo with Industrials background

M&T Bank Corp raised its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 69.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 39,212 shares of the industrial products company's stock after acquiring an additional 16,093 shares during the period. M&T Bank Corp's holdings in Tetra Tech were worth $1,147,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TTEK. Chilton Capital Management LLC acquired a new stake in shares of Tetra Tech during the first quarter worth about $25,000. Jones Financial Companies Lllp boosted its holdings in shares of Tetra Tech by 98.0% in the fourth quarter. Jones Financial Companies Lllp now owns 1,000 shares of the industrial products company's stock valued at $40,000 after buying an additional 495 shares during the period. Caption Management LLC bought a new stake in shares of Tetra Tech during the fourth quarter worth $40,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Tetra Tech during the fourth quarter worth $63,000. Finally, Johnson Financial Group Inc. bought a new stake in Tetra Tech in the 4th quarter valued at $61,000. Institutional investors and hedge funds own 93.89% of the company's stock.

Tetra Tech Stock Up 1.8%

Shares of NASDAQ:TTEK traded up $0.65 during midday trading on Monday, reaching $37.24. The company had a trading volume of 1,471,884 shares, compared to its average volume of 2,544,040. Tetra Tech, Inc. has a 1-year low of $27.27 and a 1-year high of $51.20. The stock has a market cap of $9.81 billion, a PE ratio of 54.13 and a beta of 0.94. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.49. The business's 50 day moving average price is $35.31 and its 200 day moving average price is $33.81.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. Tetra Tech had a return on equity of 23.31% and a net margin of 3.44%. The business's quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. Research analysts forecast that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.26 dividend on an annualized basis and a yield of 0.70%. This is a boost from Tetra Tech's previous quarterly dividend of $0.06. Tetra Tech's dividend payout ratio (DPR) is presently 37.68%.

Wall Street Analyst Weigh In

Several analysts have issued reports on TTEK shares. KeyCorp lifted their price target on Tetra Tech from $34.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Maxim Group cut Tetra Tech from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Robert W. Baird upped their price target on Tetra Tech from $31.00 to $33.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $41.00.

Read Our Latest Research Report on TTEK

Tetra Tech Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Tetra Tech (NASDAQ:TTEK)

Should You Invest $1,000 in Tetra Tech Right Now?

Before you consider Tetra Tech, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tetra Tech wasn't on the list.

While Tetra Tech currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

2025 Gold Forecast: A Perfect Storm for Demand Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Watch Before Monday: Stocks to Load Up on Before Earnings
3 Hot Growth Stocks to Watch Right Now!
Don’t Miss These Top 3 Defense Stocks Set To Gain

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines