Tetra Tech, Inc. $TTEK Stock Holdings Increased by CX Institutional

Key Points

• CX Institutional increased its Tetra Tech stake by 61,450.3% in the third quarter, ending with 192,037 shares worth approximately $6.33 million. Institutional investors collectively own 93.89% of the company.
• Analysts maintain a generally positive outlook, with three Buy ratings and two Holds, resulting in a consensus “Moderate Buy” rating and a $38.25 price target versus the stock’s reported $33.12 price.
• Tetra Tech exceeded quarterly earnings expectations, reporting $0.42 in EPS and $1.31 billion in revenue, though revenue declined 4.4% year over year. The company also pays a $0.072 quarterly dividend, equivalent to a 0.9% annual yield.

CX Institutional grew its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 61,450.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 192,037 shares of the industrial products company's stock after acquiring an additional 191,725 shares during the period. CX Institutional owned about 0.08% of Tetra Tech worth $6,328,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. OP Asset Management Ltd purchased a new position in Tetra Tech during the 1st quarter valued at about $34,000. Evelyn Partners Investment Management Services Ltd acquired a new stake in Tetra Tech during the 1st quarter valued at $35,000. Globeflex Capital L P acquired a new position in shares of Tetra Tech in the second quarter worth $72,000. Palladiem LLC purchased a new stake in shares of Tetra Tech in the fourth quarter valued at $100,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Tetra Tech during the fourth quarter valued at $107,000. 93.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TTEK has been the topic of several analyst reports. Weiss Ratings upgraded Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Wall Street Zen raised shares of Tetra Tech from a "hold" rating to a "buy" rating in a research report on Saturday, September 26th. Robert W. Baird set a $37.00 price target on shares of Tetra Tech in a research report on Thursday, July 30th. Royal Bank Of Canada decreased their price target on shares of Tetra Tech from $48.00 to $43.00 and set an "outperform" rating on the stock in a report on Wednesday, July 22nd. Finally, National Bank Financial cut their target price 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. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.25.

Tetra Tech Price Performance

Shares of NASDAQ TTEK opened at $33.12 on Friday. The business has a 50 day moving average price of $35.28 and a two-hundred day moving average price of $31.69. Tetra Tech, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The firm has a market cap of $8.48 billion, a PE ratio of 19.95 and a beta of 0.95. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned $0.43 earnings per share. The business's quarterly 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. Sell-side analysts expect that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given 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 0.9%. Tetra Tech's dividend payout ratio (DPR) is currently 17.47%.

Tetra Tech Profile

Tetra Tech, Inc is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, the environment, infrastructure, energy and natural resources. Its work includes planning, design, program management, engineering, scientific analysis and technical advisory services.

The company provides services across the water life cycle, including water supply, wastewater treatment, flood management and watershed planning. It also supports environmental restoration and compliance, climate resilience, sustainable infrastructure, renewable energy, disaster recovery and national security programs.

Founded in 1966, Tetra Tech serves clients in the United States and internationally.

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