Tributary Capital Management LLC Raises Position in Tetra Tech, Inc. $TTEK

Tributary Capital Management LLC lifted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 63.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,494 shares of the industrial products company’s stock after purchasing an additional 25,537 shares during the quarter. Tributary Capital Management LLC’s holdings in Tetra Tech were worth $2,186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ninety One UK Ltd boosted its holdings in shares of Tetra Tech by 2.8% in the third quarter. Ninety One UK Ltd now owns 2,870,244 shares of the industrial products company’s stock valued at $95,809,000 after purchasing an additional 78,332 shares during the period. Parallel Advisors LLC raised its position in Tetra Tech by 38.7% during the 2nd quarter. Parallel Advisors LLC now owns 4,408 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 1,231 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Tetra Tech by 6.8% in the 2nd quarter. King Luther Capital Management Corp now owns 1,643,157 shares of the industrial products company’s stock worth $59,088,000 after buying an additional 105,286 shares during the period. Bessemer Group Inc. grew its position in shares of Tetra Tech by 24.5% during the 2nd quarter. Bessemer Group Inc. now owns 970,018 shares of the industrial products company’s stock worth $34,881,000 after buying an additional 190,995 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Tetra Tech by 69.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 906,233 shares of the industrial products company’s stock valued at $32,588,000 after buying an additional 370,559 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Performance

TTEK opened at $33.78 on Thursday. The company has a market cap of $8.81 billion, a P/E ratio of 36.32 and a beta of 0.90. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $34.01 and its 200-day moving average price is $35.08. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $42.98.

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, topping the consensus estimate of $0.40 by $0.05. Tetra Tech had a net margin of 4.55% and a return on equity of 25.79%. The company 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 firm earned $0.38 EPS. Tetra Tech’s revenue 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 and its FY 2026 guidance at 1.400-1.550 EPS. As a group, equities analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on TTEK shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a report on Thursday, November 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $48.00 price objective (up from $47.00) on shares of Tetra Tech in a research note on Friday, November 14th. Robert W. Baird lifted their price objective on shares of Tetra Tech from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Finally, National Bank Financial began coverage on Tetra Tech in a report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price for the company. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Tetra Tech presently has a consensus rating of “Moderate Buy” and an average price target of $42.20.

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.