Weiss Ratings Reiterates Hold (C) Rating for Tetra Tech (NASDAQ:TTEK)

Key Points

• Weiss Ratings has restated its "hold (c)" rating for Tetra Tech (NASDAQ:TTEK), reflecting cautious sentiment on the stock's performance.
• The company has a consensus price target of $41.00 and an average rating of "hold" from analysts, with three ratings at "buy" and four at "hold."
• Tetra Tech's stock recently increased by 1.7%, reaching a price of $34.84, with a market capitalization of $9.15 billion.

Tetra Tech (NASDAQ:TTEK - Get Free Report)'s stock had its "hold (c)" rating restated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research firms also recently commented on TTEK. Wall Street Zen downgraded shares of Tetra Tech from a "buy" rating to a "hold" rating in a report on Friday, October 3rd. 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 report on Monday, September 29th. National Bank Financial began coverage on shares of Tetra Tech in a research note on Wednesday. They issued an "outperform" rating and a $41.00 price objective for the company. Northcoast Research reissued a "neutral" rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Finally, KeyCorp increased their price target on shares of Tetra Tech from $41.00 to $43.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Three research 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, the company presently has an average rating of "Hold" and a consensus price target of $41.00.

Tetra Tech Stock Up 1.7%

NASDAQ:TTEK traded up $0.59 on Wednesday, reaching $34.84. 1,665,455 shares of the stock traded hands, compared to its average volume of 2,270,977. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 43.55 and a beta of 0.94. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.50. Tetra Tech has a 12 month low of $27.27 and a 12 month high of $51.20. The company's fifty day simple moving average is $35.69 and its 200 day simple moving average is $34.48.

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

Insider Activity

In related news, Director Gary Birkenbeuel sold 2,390 shares of the firm's 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 completion of the sale, the director directly owned 37,725 shares of the company's stock, valued at approximately $1,358,100. This trade represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Tetra Tech

Several institutional investors have recently bought and sold shares of TTEK. MAI Capital Management grew its position in shares of Tetra Tech by 68.1% during the second quarter. MAI Capital Management now owns 849 shares of the industrial products company's stock worth $31,000 after buying an additional 344 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in Tetra Tech in the first quarter valued at approximately $25,000. Central Pacific Bank Trust Division purchased a new stake in Tetra Tech in the second quarter valued at approximately $32,000. Baillie Gifford & Co. purchased a new stake in shares of Tetra Tech during the first quarter worth approximately $27,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of Tetra Tech by 54.5% during the second quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company's stock worth $35,000 after purchasing an additional 348 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.

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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