Tetra Tech, Inc. (NASDAQ:TTEK) Given Consensus Rating of “Moderate Buy” by Brokerages

Tetra Tech, Inc. (NASDAQ:TTEK) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $41.00.

TTEK has been the topic of a number of research reports. Weiss Ratings lowered shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a report on Thursday, April 30th.

Tetra Tech Price Performance

TTEK stock opened at $27.90 on Monday. The company has a 50 day simple moving average of $29.70 and a 200 day simple moving average of $33.29. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 16.71 and a beta of 0.93. Tetra Tech 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 current ratio of 1.25 and a quick ratio of 1.25.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. 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. Research analysts anticipate that Tetra Tech will post 1.53 EPS for the current fiscal year.

Tetra Tech Increases Dividend

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

Insider Activity at Tetra Tech

In other news, Director Jeffrey R. Feeler acquired 1,900 shares of Tetra Tech stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $26.41 per share, with a total value of $50,179.00. Following the purchase, the director owned 1,900 shares in the company, valued at $50,179. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Tetra Tech

A number of institutional investors have recently modified their holdings of the company. Capital International Investors boosted its stake in shares of Tetra Tech by 27.4% in the 4th quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock valued at $302,416,000 after purchasing an additional 1,936,902 shares during the last quarter. Sands Capital Management LLC boosted its stake in shares of Tetra Tech by 38.0% in the 3rd quarter. Sands Capital Management LLC now owns 7,179,032 shares of the industrial products company’s stock valued at $239,636,000 after purchasing an additional 1,978,697 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Tetra Tech by 12.0% in the 3rd quarter. Alliancebernstein L.P. now owns 6,581,244 shares of the industrial products company’s stock valued at $219,682,000 after purchasing an additional 705,673 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Tetra Tech by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company’s stock valued at $170,496,000 after purchasing an additional 52,375 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in Tetra Tech by 84.9% during the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after acquiring an additional 1,847,087 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

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.