Value Holdings Management CO. LLC Acquires 12,500 Shares of Tetra Tech, Inc. $TTEK

Key Points

• Value Holdings Management CO. LLC increased its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 1.4% during the 1st quarter, holding approximately 0.34% of the company worth $26.5 million.
• Tetra Tech reported a quarterly earnings per share (EPS) of $0.43, exceeding analysts' expectations of $0.37, with revenue also meeting projections at $1.15 billion.
• The company recently announced a quarterly dividend of $0.065 per share, with an annualized yield of 0.7% and a payout ratio of 32.50%.

Value Holdings Management CO. LLC lifted its stake in Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 1.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 907,325 shares of the industrial products company's stock after purchasing an additional 12,500 shares during the period. Tetra Tech comprises about 5.0% of Value Holdings Management CO. LLC's holdings, making the stock its 6th largest holding. Value Holdings Management CO. LLC owned about 0.34% of Tetra Tech worth $26,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC acquired a new position in Tetra Tech during the 1st quarter worth $25,000. Baillie Gifford & Co. acquired a new position in Tetra Tech during the 1st quarter worth $27,000. Caption Management LLC acquired a new stake in Tetra Tech in the fourth quarter valued at approximately $40,000. Caitong International Asset Management Co. Ltd raised its holdings in Tetra Tech by 283.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,547 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 1,144 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Tetra Tech by 734.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,685 shares of the industrial products company's stock valued at $49,000 after acquiring an additional 1,483 shares in the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Down 0.8%

Shares of Tetra Tech stock traded down $0.28 during trading hours on Wednesday, hitting $35.66. The company had a trading volume of 1,765,368 shares, compared to its average volume of 2,432,812. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. The company's 50-day moving average is $36.58 and its two-hundred day moving average is $33.30. The company has a market cap of $9.37 billion, a P/E ratio of 44.58 and a beta of 0.92. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20.

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

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a $0.065 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. Tetra Tech's dividend payout ratio is 32.50%.

Wall Street Analyst Weigh In

TTEK has been the topic of several analyst reports. Robert W. Baird raised their target price on shares of Tetra Tech from $31.00 to $33.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Wall Street Zen raised shares of Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, KeyCorp raised their target price on shares of Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Tetra Tech presently has a consensus rating of "Moderate Buy" and an average target price of $41.67.

Insider Activity

In related news, Director Gary Birkenbeuel sold 2,390 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the transaction, the director owned 37,725 shares in the company, valued at $1,358,100. This trade represents a 5.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.

Tetra Tech 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.