New York State Teachers Retirement System Increases Position in Tetra Tech, Inc. $TTEK

New York State Teachers Retirement System lifted its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 6.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,667 shares of the industrial products company’s stock after buying an additional 16,622 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Tetra Tech worth $7,972,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital International Inc. CA acquired a new position in Tetra Tech in the 3rd quarter valued at $2,067,000. Impax Asset Management Group plc acquired a new stake in shares of Tetra Tech in the 4th quarter worth $107,603,000. Capital International Investors lifted its stake in shares of Tetra Tech by 249.1% in the 3rd quarter. Capital International Investors now owns 7,079,675 shares of the industrial products company’s stock worth $236,320,000 after acquiring an additional 5,051,485 shares during the period. LGT Group Foundation boosted its holdings in shares of Tetra Tech by 6.3% in the third quarter. LGT Group Foundation now owns 2,978,570 shares of the industrial products company’s stock valued at $98,859,000 after acquiring an additional 176,302 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in shares of Tetra Tech by 585.1% during the third quarter. Tudor Investment Corp ET AL now owns 64,401 shares of the industrial products company’s stock worth $2,150,000 after acquiring an additional 55,001 shares during the period. 93.89% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jeffrey R. Feeler acquired 1,900 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average price of $26.41 per share, with a total value of $50,179.00. Following the completion of the transaction, the director directly owned 1,900 shares in the company, valued at approximately $50,179. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TTEK. Robert W. Baird set a $35.00 target price on Tetra Tech in a research report on Thursday, April 30th. Weiss Ratings cut Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.00.

Tetra Tech Price Performance

Shares of NASDAQ TTEK traded down $0.19 on Tuesday, hitting $30.96. The company’s stock had a trading volume of 202,667 shares, compared to its average volume of 3,208,239. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 18.49 and a beta of 0.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a 50 day moving average of $28.64 and a 200-day moving average of $32.41.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.Tetra Tech’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. 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, research analysts predict that Tetra Tech, Inc. will post 1.54 EPS for the current year.

Tetra Tech Increases Dividend

The company also recently announced 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 a positive change from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a yield of 0.9%. Tetra Tech’s payout ratio is currently 17.37%.

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.