Perigon Wealth Management LLC Buys New Stake in Tetra Tech, Inc. $TTEK

Perigon Wealth Management LLC acquired a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,868 shares of the industrial products company’s stock, valued at approximately $690,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Tetra Tech during the fourth quarter valued at $115,162,000. Impax Asset Management Group plc acquired a new position in Tetra Tech in the fourth quarter valued at about $107,603,000. AQR Capital Management LLC increased its holdings in shares of Tetra Tech by 351.6% during the fourth quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock worth $96,440,000 after buying an additional 2,238,721 shares in the last quarter. Capital International Investors boosted its holdings 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 worth $302,416,000 after acquiring an additional 1,936,902 shares in the last quarter. Finally, Corient Private Wealth LLC grew its position in Tetra Tech by 84.9% during the 2nd 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 during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Trading Up 3.4%

NASDAQ:TTEK opened at $36.60 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. Tetra Tech, Inc. has a 1-year low of $25.81 and a 1-year high of $43.14. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 22.05 and a beta of 0.90. The business’s 50-day moving average price is $31.51 and its two-hundred day moving average price is $31.89.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior 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. On average, equities analysts expect that Tetra Tech, Inc. will post 1.58 earnings per share for the current year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a $0.072 dividend. The ex-dividend date is Thursday, August 13th. This represents a $0.29 annualized dividend and a yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is 16.87%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TTEK. Royal Bank Of Canada decreased their target price on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. National Bank Financial lowered 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 report on Monday, July 13th. Robert W. Baird set a $37.00 target price on shares of Tetra Tech in a research note on Thursday, July 30th. 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. Finally, Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.25.

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.