Federated Hermes Inc. Sells 150,603 Shares of Tetra Tech, Inc. $TTEK

Federated Hermes Inc. lowered its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 70.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,956 shares of the industrial products company’s stock after selling 150,603 shares during the period. Federated Hermes Inc.’s holdings in Tetra Tech were worth $2,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TTEK. Bfsg LLC purchased a new position in shares of Tetra Tech during the 3rd quarter valued at $25,000. Financial Consulate Inc. purchased a new position in Tetra Tech during the third quarter worth about $26,000. Root Financial Partners LLC bought a new position in Tetra Tech in the 3rd quarter worth about $30,000. MAI Capital Management raised its holdings in shares of Tetra Tech by 68.1% in the 2nd 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 in the last quarter. Finally, True Wealth Design LLC boosted its position in shares of Tetra Tech by 228.6% during the 3rd quarter. True Wealth Design LLC now owns 1,012 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 704 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Price Performance

TTEK stock opened at $40.72 on Thursday. The firm has a market cap of $10.62 billion, a P/E ratio of 30.62 and a beta of 0.91. The firm’s fifty day moving average is $35.45 and its 200 day moving average is $35.19. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $40.88. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.18 and a current ratio of 1.31.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $974.28 million. During the same period in the prior year, the business posted $0.35 earnings per share. The company’s revenue was down 13.4% on a year-over-year basis. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. Research analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 12th will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is presently 19.55%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Thursday, November 13th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $48.00 price objective (up previously from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. Finally, National Bank Financial assumed coverage on Tetra Tech in a research note on Wednesday, October 8th. They issued an “outperform” rating and a $41.00 target price on the stock. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.60.

About Tetra Tech

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.