Praxis Investment Management Inc. Has $337,000 Holdings in Tetra Tech, Inc. $TTEK

Praxis Investment Management Inc. lessened its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 21.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,380 shares of the industrial products company’s stock after selling 2,520 shares during the period. Praxis Investment Management Inc.’s holdings in Tetra Tech were worth $337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its position in shares of Tetra Tech by 39.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,496 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 5,275 shares in the last quarter. FORA Capital LLC acquired a new position in shares of Tetra Tech during the 1st quarter worth approximately $442,000. Summit Trail Advisors LLC acquired a new position in shares of Tetra Tech during the 1st quarter worth approximately $590,000. Catalyst Capital Advisors LLC grew its position in shares of Tetra Tech by 16.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 72,960 shares of the industrial products company’s stock worth $2,134,000 after purchasing an additional 10,159 shares in the last quarter. Finally, M&T Bank Corp grew its position in shares of Tetra Tech by 69.6% during the 1st quarter. M&T Bank Corp now owns 39,212 shares of the industrial products company’s stock worth $1,147,000 after purchasing an additional 16,093 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analysts Set New Price Targets

TTEK has been the topic of several analyst reports. National Bank Financial initiated 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 on the stock. KeyCorp increased 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Northcoast Research reiterated a “neutral” rating on shares of Tetra Tech in a research report on Wednesday, October 1st. Finally, 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. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Tetra Tech has an average rating of “Hold” and a consensus target price of $41.00.

Insider Activity

In other news, Director Gary Birkenbeuel sold 2,390 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $86,040.00. Following the completion of the transaction, the director owned 37,725 shares of the company’s stock, valued at approximately $1,358,100. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $32.69 on Friday. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 40.86 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a 50 day simple moving average of $35.21 and a 200 day simple moving average of $34.71. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $51.20.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The business 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 firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior 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. Research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is presently 32.50%.

Tetra Tech Profile

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.