Tetra Tech, Inc. (NASDAQ:TTEK) Receives Average Recommendation of "Hold" from Analysts

Shares of Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) have received an average rating of "Hold" from the seven research firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $41.00.

Several brokerages have commented on TTEK. National Bank Financial initiated coverage on shares of Tetra Tech in a research report on Wednesday, October 8th. They issued an "outperform" rating and a $41.00 price target on the stock. Northcoast Research reaffirmed a "neutral" rating on shares of Tetra Tech in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tetra Tech in a research note on Friday. Royal Bank Of Canada set a $47.00 price objective on shares of Tetra Tech and gave the company an "outperform" rating in a research note on Monday, September 29th. Finally, KeyCorp upped their price objective on shares of Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a research note on Friday, August 1st.

Insider Buying and Selling at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total value of $86,040.00. Following the transaction, the director owned 37,725 shares in the company, valued at $1,358,100. This represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tetra Tech

A number of hedge funds have recently added to or reduced their stakes in TTEK. Bayforest Capital Ltd bought a new stake in Tetra Tech during the third quarter worth approximately $355,000. Forum Financial Management LP boosted its position in Tetra Tech by 18.6% during the third quarter. Forum Financial Management LP now owns 6,882 shares of the industrial products company's stock worth $230,000 after purchasing an additional 1,077 shares during the period. Tributary Capital Management LLC boosted its position in Tetra Tech by 63.9% during the third quarter. Tributary Capital Management LLC now owns 65,494 shares of the industrial products company's stock worth $2,186,000 after purchasing an additional 25,537 shares during the period. Lecap Asset Management Ltd. bought a new stake in shares of Tetra Tech in the third quarter valued at approximately $248,000. Finally, SG Americas Securities LLC boosted its position in shares of Tetra Tech by 378.3% in the third quarter. SG Americas Securities LLC now owns 95,046 shares of the industrial products company's stock valued at $3,173,000 after acquiring an additional 75,173 shares during the period. Institutional investors and hedge funds own 93.89% of the company's stock.

Tetra Tech Stock Performance

Shares of TTEK opened at $33.78 on Friday. Tetra Tech has a 1 year low of $27.27 and a 1 year high of $51.20. The company has a market cap 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 firm has a fifty day moving average of $34.93 and a 200-day moving average of $34.88.

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 (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.06. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities analysts anticipate that Tetra Tech will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

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

About Tetra Tech

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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