VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 16,700 Tetra Tech, Inc. $TTEK

Key Points

• Virginia Retirement Systems acquired 16,700 shares of Tetra Tech, Inc., valued at approximately $601,000, as part of its 2nd quarter investment strategy.
• Tetra Tech reported earnings of $0.43 EPS in its last fiscal quarter, surpassing the consensus estimate and achieving year-over-year revenue growth of 1.9% to $1.15 billion.
• The company recently declared a quarterly dividend of $0.065 per share, reflecting an annualized yield of 0.8% and a payout ratio of 32.50%.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,700 shares of the industrial products company's stock, valued at approximately $601,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Chilton Capital Management LLC bought a new position in shares of Tetra Tech during the first quarter valued at $25,000. Baillie Gifford & Co. bought a new position in shares of Tetra Tech during the first quarter valued at $27,000. Central Pacific Bank Trust Division bought a new position in shares of Tetra Tech during the second quarter valued at $32,000. SVB Wealth LLC bought a new position in shares of Tetra Tech during the first quarter valued at $36,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 751 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company's stock.

Insider Buying and Selling at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech stock in a transaction dated 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 directly owned 37,725 shares of the company's stock, valued at $1,358,100. The trade was a 5.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

Tetra Tech Trading Up 0.1%

Shares of NASDAQ:TTEK opened at $33.78 on Friday. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 42.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. The stock's 50-day simple moving average is $34.93 and its two-hundred day simple moving average is $34.83. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20.

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

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 15th. Tetra Tech's payout ratio is presently 32.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TTEK shares. Northcoast Research restated a "neutral" rating on shares of Tetra Tech in a report on Wednesday, October 1st. KeyCorp lifted their price objective on Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wall Street Zen upgraded Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday. National Bank Financial assumed coverage on Tetra Tech in a report on Wednesday, October 8th. They issued an "outperform" rating and a $41.00 price objective for the company. Finally, Royal Bank Of Canada set a $47.00 price objective on Tetra Tech and gave the stock an "outperform" rating in a report on Monday, September 29th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $41.00.

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.

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