Lbp Am Sa Purchases 139,899 Shares of Tetra Tech, Inc. $TTEK

Lbp Am Sa increased its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 214.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,011 shares of the industrial products company’s stock after purchasing an additional 139,899 shares during the quarter. Lbp Am Sa’s holdings in Tetra Tech were worth $7,372,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Chilton Capital Management LLC purchased a new stake in shares of Tetra Tech during the 1st quarter worth $25,000. Central Pacific Bank Trust Division purchased a new stake in shares of Tetra Tech during the 2nd quarter worth $32,000. Baillie Gifford & Co. purchased a new stake in shares of Tetra Tech during the 1st quarter worth $27,000. SVB Wealth LLC purchased a new stake in shares of Tetra Tech during the 1st quarter worth $36,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 751 shares during the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on TTEK shares. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Royal Bank Of Canada set a $47.00 price target on Tetra Tech and gave the company an “outperform” rating in a research note on Monday. KeyCorp increased their price target on Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Northcoast Research reiterated a “neutral” rating on shares of Tetra Tech in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.00.

Insider Activity

In related news, Director Gary Birkenbeuel sold 2,390 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $36.00, for a total transaction of $86,040.00. Following the sale, the director directly owned 37,725 shares of the company’s stock, valued at $1,358,100. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is currently owned by insiders.

Tetra Tech Trading Down 0.6%

Shares of NASDAQ:TTEK opened at $33.19 on Thursday. Tetra Tech, Inc. has a 52-week low of $27.27 and a 52-week high of $51.20. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 41.49 and a beta of 0.94. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $36.06 and a 200-day moving average price of $34.33.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.06. Tetra Tech had a return on equity of 24.70% and a net margin of 3.94%.The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the business posted $1.59 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. Tetra Tech has set its FY 2025 guidance at 1.490-1.540 EPS. Q4 2025 guidance at 0.380-0.430 EPS. Equities analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 15th. Tetra Tech’s dividend payout ratio (DPR) is presently 32.50%.

Tetra Tech Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.