Havemeyer Place LP Makes New $721,000 Investment in Tetra Tech, Inc. $TTEK

Havemeyer Place LP bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the fourth quarter, HoldingsChannel.com reports. The fund bought 21,489 shares of the industrial products company’s stock, valued at approximately $721,000.

Several other institutional investors have also recently made changes to their positions in the company. First Horizon Corp increased its stake in shares of Tetra Tech by 50.4% during the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after buying an additional 295 shares during the period. OneDigital Investment Advisors LLC increased its stake in shares of Tetra Tech by 3.7% during the third quarter. OneDigital Investment Advisors LLC now owns 9,162 shares of the industrial products company’s stock valued at $306,000 after buying an additional 328 shares during the period. Larson Financial Group LLC increased its stake in shares of Tetra Tech by 26.9% during the fourth quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock valued at $57,000 after buying an additional 358 shares during the period. IFP Advisors Inc increased its stake in shares of Tetra Tech by 4.2% during the third quarter. IFP Advisors Inc now owns 10,370 shares of the industrial products company’s stock valued at $347,000 after buying an additional 414 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Tetra Tech by 2.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 23,499 shares of the industrial products company’s stock valued at $788,000 after buying an additional 568 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Insider Activity at Tetra Tech

In related news, Director Jeffrey R. Feeler acquired 1,900 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the acquisition, the director directly owned 1,900 shares of the company’s stock, valued at $50,179. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Tetra Tech Price Performance

Shares of NASDAQ TTEK opened at $27.59 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $7.16 billion, a PE ratio of 16.52 and a beta of 0.93. The business has a 50-day simple moving average of $29.64 and a two-hundred day simple moving average of $33.24. Tetra Tech, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $43.14.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. As a group, equities analysts expect that Tetra Tech, Inc. will post 1.53 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were issued a $0.072 dividend. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, May 14th. Tetra Tech’s dividend payout ratio is 17.37%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TTEK shares. Robert W. Baird set a $35.00 price target on Tetra Tech in a research note on Thursday, April 30th. Weiss Ratings lowered Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tetra Tech presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Tetra Tech Profile

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.