22,300 Shares of Tetra Tech, Inc. $TTEK Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,300 shares of the industrial products company’s stock, valued at approximately $735,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Tetra Tech by 2.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,335 shares of the industrial products company’s stock valued at $414,000 after acquiring an additional 285 shares in the last quarter. Parallel Advisors LLC raised its holdings in Tetra Tech by 16.5% in the 3rd quarter. Parallel Advisors LLC now owns 2,285 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 323 shares during the last quarter. Abacus Wealth Partners LLC lifted its position in Tetra Tech by 6.2% in the 3rd quarter. Abacus Wealth Partners LLC now owns 9,987 shares of the industrial products company’s stock valued at $329,000 after acquiring an additional 582 shares in the last quarter. D Orazio & Associates Inc. lifted its position in Tetra Tech by 1.0% in the 3rd quarter. D Orazio & Associates Inc. now owns 62,089 shares of the industrial products company’s stock valued at $2,046,000 after acquiring an additional 617 shares in the last quarter. Finally, Assetmark Inc. lifted its position in Tetra Tech by 18.5% in the 1st quarter. Assetmark Inc. now owns 4,697 shares of the industrial products company’s stock valued at $141,000 after acquiring an additional 733 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

Shares of TTEK traded down $0.60 during mid-day trading on Friday, hitting $38.83. 3,143,012 shares of the company traded hands, compared to its average volume of 2,959,370. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 22.98 and a beta of 0.86. The stock has a 50-day moving average price of $36.06 and a two-hundred day moving average price of $33.27. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.18 and a current ratio of 1.26.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, November 11th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Tetra Tech had a net margin of 8.67% and a return on equity of 22.37%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Tetra Tech has set its FY 2027 guidance at 1.650-1.800 EPS and its Q1 2027 guidance at 0.360-0.380 EPS. Equities analysts anticipate that Tetra Tech, Inc. will post 1.74 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Wednesday, December 2nd will be issued a dividend of $0.0720 per share. This represents a $0.29 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 2nd. Tetra Tech’s dividend payout ratio is presently 17.16%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Robert W. Baird increased their target price on Tetra Tech from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday. Weiss Ratings upgraded Tetra Tech from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. KeyCorp upped their price target on Tetra Tech from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank Of Canada dropped their price objective on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Finally, Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $40.25.

Key Tetra Tech News

These are some of the TTEK news items that stood out recently:

• Positive Sentiment: Funded backlog reached $4.67 billion, while new orders exceeded $1.6 billion—indicators of future project revenue and demand. Coverage also highlighted water projects and stronger cash flow as growth supports. Benzinga backlog report
• Positive Sentiment: KeyCorp raised its price target to $42 from $41 and maintained an Overweight rating. Baird also lifted its target, to $40 from $37, while keeping a Neutral rating. KeyCorp rating update
• Neutral Sentiment: Fiscal 2027 guidance was characterized as meeting expectations, limiting the potential for an outlook-driven catalyst. The company also declared a quarterly dividend of $0.072 per share, or $0.29 annualized; the modest yield is unlikely to be a major near-term stock driver. Results and guidance report

Tetra Tech Company Profile

Tetra Tech, Inc. is a consulting and engineering services company founded in 1966. It works with government and commercial clients on projects involving water, the environment, infrastructure, energy, and resource management. The company provides services across the project lifecycle, including planning, consulting, engineering, design, and program and construction management. Its work includes water supply and wastewater systems, environmental assessment and remediation, infrastructure development, and climate resilience.