Tetra Tech (NASDAQ:TTEK) Given Neutral Rating at Northcoast Research

Key Points

• Tetra Tech's stock has been restated with a neutral rating by Northcoast Research, while other brokerages have varied in their ratings, with KeyCorp assigning an "overweight" rating and raising the target price to $43.
• The company's recent quarterly earnings report surpassed expectations with $0.43 EPS, beating the consensus estimate of $0.37, and a report of $1.15 billion in revenue.
• Tetra Tech's stock has experienced a recent decline, trading down 0.6% to $33.16, though it maintains a strong market capitalization of $8.71 billion and a PE ratio of 41.35.

Tetra Tech (NASDAQ:TTEK - Get Free Report)'s stock had its "neutral" rating restated by Northcoast Research in a research note issued on Wednesday.

Several other brokerages have also recently commented on TTEK. KeyCorp raised their target price on shares of 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 shares of Tetra Tech from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Royal Bank Of Canada set a $47.00 target price on shares of Tetra Tech and gave the stock an "outperform" rating in a research report on Monday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $41.00.

Tetra Tech Stock Down 0.6%

TTEK traded down $0.22 during trading on Wednesday, hitting $33.16. The company had a trading volume of 289,244 shares, compared to its average volume of 2,381,086. The firm's 50-day moving average price is $36.16 and its 200 day moving average price is $34.34. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50. Tetra Tech has a one year low of $27.27 and a one year high of $51.20. The company has a market capitalization of $8.71 billion, a PE ratio of 41.35 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The business's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.59 EPS. 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 expect that Tetra Tech will post 1.37 earnings per share for the current year.

Insider Activity at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction on Thursday, August 14th. The shares were 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 of the company's stock, valued at $1,358,100. This represents a 5.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Tetra Tech

Several institutional investors have recently added to or reduced their stakes in TTEK. Norges Bank purchased a new stake in Tetra Tech during the 2nd quarter valued at $104,843,000. Corient Private Wealth LLC boosted its position in Tetra Tech by 84.9% during the 2nd quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company's stock valued at $147,095,000 after buying an additional 1,847,087 shares during the period. LGT Group Foundation lifted its position in shares of Tetra Tech by 124.2% in the 1st quarter. LGT Group Foundation now owns 2,734,057 shares of the industrial products company's stock worth $79,971,000 after purchasing an additional 1,514,583 shares during the period. M&G PLC lifted its position in shares of Tetra Tech by 150.1% in the 2nd quarter. M&G PLC now owns 2,416,512 shares of the industrial products company's stock worth $86,994,000 after purchasing an additional 1,450,420 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Tetra Tech by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company's stock worth $795,185,000 after purchasing an additional 1,273,692 shares during the period. Hedge funds and other institutional investors own 93.89% of the company's stock.

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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