VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Position in Tetra Tech, Inc. $TTEK

Key Points

• Virginia Retirement Systems acquired 134,670 shares of Tetra Tech worth approximately $3.9 million, while institutional investors collectively own 93.89% of the company.
• Tetra Tech exceeded quarterly earnings expectations, reporting $0.42 in EPS versus the $0.40 consensus and $1.31 billion in revenue, though revenue declined 4.4% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $38.25; the company also pays a quarterly dividend of $0.072 per share, yielding about 0.8%.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 134,670 shares of the industrial products company's stock, valued at approximately $3,891,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.05% of Tetra Tech as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TTEK. Vancity Investment Management Ltd raised its position in shares of Tetra Tech by 22.9% in the second quarter. Vancity Investment Management Ltd now owns 38,372 shares of the industrial products company's stock valued at $1,109,000 after purchasing an additional 7,146 shares during the period. California State Teachers Retirement System boosted its holdings in Tetra Tech by 2,781.2% in the 2nd quarter. California State Teachers Retirement System now owns 8,369,895 shares of the industrial products company's stock worth $241,806,000 after buying an additional 8,079,398 shares during the period. HB Wealth Management LLC grew its stake in Tetra Tech by 25.4% in the 2nd quarter. HB Wealth Management LLC now owns 10,998 shares of the industrial products company's stock valued at $318,000 after buying an additional 2,225 shares in the last quarter. AlphaGrep UK Ltd bought a new stake in Tetra Tech during the 2nd quarter valued at $472,000. Finally, Natural Investments LLC raised its holdings in Tetra Tech by 31.6% during the 2nd quarter. Natural Investments LLC now owns 28,409 shares of the industrial products company's stock valued at $820,000 after acquiring an additional 6,818 shares during the period. Institutional investors own 93.89% of the company's stock.

Tetra Tech Price Performance

NASDAQ:TTEK opened at $35.51 on Thursday. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The stock has a fifty day moving average of $33.91 and a 200 day moving average of $31.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 21.39 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last announced its 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 return on equity of 22.32% and a net margin of 8.60%.The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company earned $0.43 EPS. The company'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. On average, research analysts expect that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

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 dividend of $0.072 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.29 annualized dividend and a yield of 0.8%. Tetra Tech's payout ratio is presently 16.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TTEK shares. Royal Bank Of Canada cut their price target on Tetra Tech from $48.00 to $43.00 and set an "outperform" rating for the company in a report on Wednesday, July 22nd. Weiss Ratings raised Tetra Tech from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. Wall Street Zen downgraded Tetra Tech from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. National Bank Financial reduced their target price on Tetra Tech from $38.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, July 13th. Finally, Robert W. Baird set a $37.00 price target on Tetra Tech in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Tetra Tech has an average rating of "Moderate Buy" and a consensus price target of $38.25.

About Tetra Tech

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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