Key Points
- Director Jeffrey Feeler bought 1,900 shares of Tetra Tech at an average price of $26.41, a purchase worth about $50,179, according to an SEC filing.
- The stock was trading near its 52-week low at $26.18, below its 50-day and 200-day moving averages, while the company had a market cap of $6.79 billion and a P/E ratio of 15.68.
- Tetra Tech recently beat quarterly earnings and revenue estimates and also raised its dividend slightly, while analysts currently have a consensus Moderate Buy rating with an average price target of $41.00.
Tetra Tech, Inc. (NASDAQ:TTEK - Get Free Report) Director Jeffrey Feeler purchased 1,900 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $26.41 per share, with a total value of $50,179.00. Following the completion of the acquisition, the director directly owned 1,900 shares in the company, valued at $50,179. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Tetra Tech Trading Down 0.1%
NASDAQ:TTEK opened at $26.18 on Friday. The company has a fifty day moving average of $31.16 and a 200 day moving average of $33.86. Tetra Tech, Inc. has a 52 week low of $25.81 and a 52 week high of $43.14. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $6.79 billion, a P/E ratio of 15.68 and a beta of 1.00.
Tetra Tech (NASDAQ:TTEK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating 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 company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business posted $0.33 EPS. The firm's revenue 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. On average, research analysts predict that Tetra Tech, Inc. will post 1.53 earnings per share for the current year.
Tetra Tech Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th will be issued a dividend of $0.072 per share. The ex-dividend date is Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a yield of 1.1%. This is an increase from Tetra Tech's previous quarterly dividend of $0.07. Tetra Tech's dividend payout ratio (DPR) is currently 17.37%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Bfsg LLC bought a new position in Tetra Tech in the 3rd quarter worth $25,000. Root Financial Partners LLC bought a new position in Tetra Tech in the 3rd quarter worth $30,000. First Horizon Corp raised its holdings in Tetra Tech by 50.4% in the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company's stock worth $30,000 after purchasing an additional 295 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company's stock worth $30,000 after purchasing an additional 341 shares in the last quarter. Finally, OP Asset Management Ltd bought a new position in Tetra Tech in the 1st quarter worth $34,000. 93.89% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Tetra Tech in a report on Monday, April 20th. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Tetra Tech presently has a consensus rating of "Moderate Buy" and an average price target of $41.00.
Get Our Latest Stock Report on Tetra Tech
About Tetra Tech
(
Get Free Report)
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.
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