Claret Asset Management Corp Invests $235,000 in Tetra Tech, Inc. $TTEK

Claret Asset Management Corp bought a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,525 shares of the industrial products company’s stock, valued at approximately $235,000.

Several other hedge funds also recently bought and sold shares of the company. MAI Capital Management raised its holdings in Tetra Tech by 68.1% during the second quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 344 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of Tetra Tech during the second quarter valued at approximately $32,000. Parkside Financial Bank & Trust lifted its holdings in shares of Tetra Tech by 54.5% in the second quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock worth $35,000 after buying an additional 348 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Tetra Tech during the first quarter worth $36,000. Finally, Geneos Wealth Management Inc. grew its stake in Tetra Tech by 136.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 751 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on TTEK shares. Royal Bank Of Canada reissued an “outperform” rating and set a $48.00 price objective (up previously from $47.00) on shares of Tetra Tech in a report on Friday, November 14th. Robert W. Baird boosted their target price on Tetra Tech from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. National Bank Financial initiated coverage on Tetra Tech in a report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price objective on the stock. Finally, Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus price target of $42.20.

Tetra Tech Trading Down 0.7%

Shares of TTEK stock opened at $34.48 on Tuesday. The company has a market cap of $8.99 billion, a PE ratio of 43.10 and a beta of 0.96. Tetra Tech, Inc. has a 1 year low of $27.27 and a 1 year high of $43.50. The stock’s 50 day simple moving average is $33.61 and its two-hundred day simple moving average is $35.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.18 and a quick ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. Research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid a $0.065 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. Tetra Tech’s dividend payout ratio is currently 27.96%.

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.