Tetra Tech, Inc. (NASDAQ:TTEK) Stock Has Average Price Target of $38.25

Tetra Tech, Inc. (NASDAQ:TTEK) has earned an average rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $38.25.

Several brokerages recently issued reports on TTEK. Robert W. Baird set a $37.00 target price on Tetra Tech in a research note on Thursday, July 30th. Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Royal Bank Of Canada cut their price objective on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. National Bank Financial reduced their price target on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Finally, Weiss Ratings raised shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th.

Institutional Trading of Tetra Tech

Institutional investors have recently modified their holdings of the company. Amundi boosted its stake in Tetra Tech by 7.4% in the second quarter. Amundi now owns 5,098,519 shares of the industrial products company’s stock valued at $147,264,000 after acquiring an additional 349,272 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Tetra Tech by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock valued at $114,128,000 after buying an additional 112,560 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Tetra Tech by 47.6% during the first quarter. First Trust Advisors LP now owns 2,445,482 shares of the industrial products company’s stock worth $73,658,000 after purchasing an additional 788,491 shares during the last quarter. Energy Income Partners LLC acquired a new position in shares of Tetra Tech in the 2nd quarter valued at about $68,512,000. Finally, Bank of America Corp DE acquired a new position in Tetra Tech in the second quarter valued at approximately $57,135,000. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Price Performance

NASDAQ TTEK opened at $33.54 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The company has a market capitalization of $8.59 billion, a PE ratio of 21.47 and a beta of 0.95. The business’s fifty day moving average is $35.27 and its 200 day moving average is $31.80.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The company’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. 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 predict that Tetra Tech will post 1.58 earnings per share for the current year.

Tetra Tech Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a $0.0720 dividend. This represents a $0.29 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, August 13th. Tetra Tech’s dividend payout ratio is presently 17.47%.

About Tetra Tech

Tetra Tech, Inc is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, the environment, infrastructure, energy and natural resources. Its work includes planning, design, program management, engineering, scientific analysis and technical advisory services.

The company provides services across the water life cycle, including water supply, wastewater treatment, flood management and watershed planning. It also supports environmental restoration and compliance, climate resilience, sustainable infrastructure, renewable energy, disaster recovery and national security programs.

Founded in 1966, Tetra Tech serves clients in the United States and internationally.