365,000 Shares in Tetra Tech, Inc. $TTEK Purchased by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. purchased a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the fourth quarter, Holdings Channel.com reports. The firm purchased 365,000 shares of the industrial products company’s stock, valued at approximately $12,242,000.

Other institutional investors have also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in Tetra Tech in the 3rd quarter worth about $30,000. First Horizon Corp increased its stake in Tetra Tech by 50.4% in the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 295 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 751 shares in the last quarter. Danske Bank A S purchased a new position in Tetra Tech in the 3rd quarter worth about $53,000. Finally, Larson Financial Group LLC increased its stake in Tetra Tech by 26.9% in the 4th quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 358 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TTEK shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Monday, April 20th. Robert W. Baird set a $35.00 price target on Tetra Tech in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Tetra Tech currently has an average rating of “Moderate Buy” and an average target price of $41.00.

Tetra Tech Stock Performance

NASDAQ:TTEK opened at $27.65 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. Tetra Tech, Inc. has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The stock’s 50-day moving average is $30.45 and its two-hundred day moving average is $33.69. The stock has a market cap of $7.18 billion, a PE ratio of 16.56 and a beta of 1.00.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business posted $0.33 EPS. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. 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 research analysts forecast that Tetra Tech, Inc. will post 1.53 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.072 per share. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.29 annualized dividend and a yield of 1.0%. Tetra Tech’s dividend payout ratio (DPR) is presently 17.37%.

Insiders Place Their Bets

In other Tetra Tech news, Director Jeffrey R. Feeler bought 1,900 shares of the stock in a transaction on Friday, May 15th. The shares were bought at an average price of $26.41 per share, with a total value of $50,179.00. Following the purchase, the director directly owned 1,900 shares in the company, valued at $50,179. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.49% of the stock is currently owned by company insiders.

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.