Tetra Tech's (TTEK) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Tetra Tech's stock received a "hold (c)" rating from Weiss Ratings, reaffirming its average rating across seven analysts, with a consensus price target of $41.00.
• The share price of Tetra Tech (TTEK) saw a slight increase of 0.1%, reaching $33.78, amidst discussions of various price targets from other analysts.
• In recent insider trading, Director Gary Birkenbeuel sold 2,390 shares at an average price of $36.00, decreasing his ownership stake by nearly 6%.

Tetra Tech (NASDAQ:TTEK - Get Free Report)'s stock had its "hold (c)" rating restated by research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

A number of other analysts also recently weighed in on TTEK. Royal Bank Of Canada set a $47.00 price target on shares of Tetra Tech and gave the stock an "outperform" rating in a research report on Monday, September 29th. KeyCorp raised their price target on shares of Tetra Tech from $41.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. National Bank Financial started coverage on shares of Tetra Tech in a research report on Wednesday, October 8th. They set an "outperform" rating and a $41.00 price target for the company. Wall Street Zen downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Finally, Northcoast Research reissued a "neutral" rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Tetra Tech has an average rating of "Hold" and a consensus price target of $41.00.

Tetra Tech Stock Up 0.1%

Shares of TTEK traded up $0.02 during mid-day trading on Friday, reaching $33.78. 1,922,412 shares of the stock traded hands, compared to its average volume of 2,250,401. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 42.23 and a beta of 0.94. The stock has a fifty day simple moving average of $34.93 and a 200 day simple moving average of $34.83. Tetra Tech has a 12-month low of $27.27 and a 12-month high of $51.20. 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 (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.06. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The business's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter 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. Sell-side analysts expect that Tetra Tech will post 1.37 EPS for the current fiscal year.

Insider Buying and Selling

In other Tetra Tech news, Director Gary Birkenbeuel sold 2,390 shares of Tetra Tech 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 completion of the transaction, the director owned 37,725 shares of the company's stock, valued at $1,358,100. The trade was a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Tetra Tech

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Tetra Tech in the second quarter valued at $104,843,000. Corient Private Wealth LLC lifted its stake in Tetra Tech by 84.9% in the second 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 last quarter. LGT Group Foundation lifted its stake in Tetra Tech by 124.2% in the first quarter. LGT Group Foundation now owns 2,734,057 shares of the industrial products company's stock valued at $79,971,000 after buying an additional 1,514,583 shares during the last quarter. M&G PLC lifted its stake in Tetra Tech by 150.1% in the second quarter. M&G PLC now owns 2,416,512 shares of the industrial products company's stock valued at $86,994,000 after buying an additional 1,450,420 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Tetra Tech by 4.9% in the first quarter. Vanguard Group Inc. now owns 27,185,795 shares of the industrial products company's stock valued at $795,185,000 after buying an additional 1,273,692 shares during the last quarter. Institutional investors and hedge funds 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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