Tetra Tech (NASDAQ:TTEK) Stock Sees Unusually High Put Option Buying

Key Points

• Unusually heavy put-option activity: Traders purchased 9,556 Tetra Tech put options, roughly 25 times the typical daily volume, signaling heightened near-term hedging or bearish interest.
• Analyst sentiment remains positive overall: Tetra Tech has a consensus “Moderate Buy” rating and an average price target of $38.25, despite several analysts recently lowering their targets.
• Shares and fundamentals: Tetra Tech fell 0.6% to $33.67, while its latest earnings beat estimates on both earnings and revenue. Institutional investors own 93.89% of the stock, and the company pays an annualized dividend of $0.29 per share.

Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) was the target of unusually large options trading activity on Tuesday. Stock traders purchased 9,556 put options on the stock. This is an increase of 2,428% compared to the typical daily volume of 378 put options.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Tetra Tech by 2.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,335 shares of the industrial products company's stock valued at $414,000 after purchasing an additional 285 shares during the last quarter. Optas LLC grew its position in shares of Tetra Tech by 2.6% in the 1st quarter. Optas LLC now owns 12,803 shares of the industrial products company's stock valued at $386,000 after buying an additional 330 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Tetra Tech by 8.1% during the first quarter. Parallel Advisors LLC now owns 4,799 shares of the industrial products company's stock worth $145,000 after acquiring an additional 359 shares during the last quarter. Evexia Wealth LLC lifted its stake in shares of Tetra Tech by 3.2% in the first quarter. Evexia Wealth LLC now owns 20,115 shares of the industrial products company's stock worth $624,000 after acquiring an additional 618 shares during the period. Finally, Assetmark Inc. boosted its holdings in Tetra Tech by 18.5% in the first quarter. Assetmark Inc. now owns 4,697 shares of the industrial products company's stock valued at $141,000 after acquiring an additional 733 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Down 0.6%

NASDAQ TTEK traded down $0.21 during trading hours on Tuesday, hitting $33.67. The company had a trading volume of 358,336 shares, compared to its average volume of 3,013,728. The firm's 50 day moving average is $35.09 and its 200 day moving average is $31.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 20.29 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The company's revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. 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 anticipate that Tetra Tech will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.0720 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. Tetra Tech's dividend payout ratio (DPR) is currently 17.47%.

Tetra Tech Company Profile

Tetra Tech, Inc NASDAQ: TTEK is a consulting and engineering services company that helps government and commercial clients address challenges involving water, the environment, infrastructure, energy and natural resources. Its services include planning, design, engineering, program and construction management, scientific consulting, data analysis and technology solutions.

The company works on projects such as water supply and treatment, environmental restoration, climate resilience, sustainable infrastructure, renewable energy, transportation and national security.

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