First National Bank of Omaha Invests $2.70 Million in Tetra Tech, Inc. $TTEK

First National Bank of Omaha purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 93,472 shares of the industrial products company’s stock, valued at approximately $2,700,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Tetra Tech during the 4th quarter worth approximately $115,162,000. Impax Asset Management Group plc acquired a new stake in shares of Tetra Tech in the fourth quarter worth approximately $107,603,000. Energy Income Partners LLC purchased a new stake in shares of Tetra Tech during the second quarter worth approximately $68,512,000. AQR Capital Management LLC raised its stake in Tetra Tech by 351.6% in the 4th quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock valued at $96,440,000 after purchasing an additional 2,238,721 shares during the last quarter. Finally, Capital International Investors raised its stake in 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. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TTEK. Weiss Ratings raised shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Royal Bank Of Canada decreased their price target on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. National Bank Financial dropped their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Finally, Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.25.

Tetra Tech Price Performance

Tetra Tech stock opened at $35.40 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $31.32 and a 200 day moving average price of $31.90. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14. The stock has a market cap of $9.06 billion, a P/E ratio of 21.33 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business posted $0.43 EPS. Tetra Tech’s revenue was down 4.4% on a year-over-year basis. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. Sell-side analysts anticipate that Tetra Tech, Inc. will post 1.58 earnings per share for the current year.

Tetra Tech Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be given a $0.072 dividend. This represents a $0.29 annualized dividend and a yield of 0.8%. The ex-dividend date is Thursday, August 13th. Tetra Tech’s dividend payout ratio is presently 17.47%.

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.