Yousif Capital Management LLC Cuts Stake in Tetra Tech, Inc. $TTEK

Yousif Capital Management LLC trimmed its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 90,292 shares of the industrial products company’s stock after selling 3,090 shares during the quarter. Yousif Capital Management LLC’s holdings in Tetra Tech were worth $3,247,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Chilton Capital Management LLC purchased a new stake in Tetra Tech during the 1st quarter valued at about $25,000. Baillie Gifford & Co. purchased a new stake in Tetra Tech during the 1st quarter valued at about $27,000. Central Pacific Bank Trust Division purchased a new stake in Tetra Tech during the 2nd quarter valued at about $32,000. SVB Wealth LLC purchased a new stake in Tetra Tech during the 1st quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. grew its position in 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 valued at $38,000 after purchasing an additional 751 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. KeyCorp upped their target price on shares of Tetra Tech from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. National Bank Financial assumed coverage on shares of Tetra Tech in a research note on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price on the stock. Royal Bank Of Canada set a $47.00 target price on shares of Tetra Tech and gave the company an “outperform” rating in a research note on Monday, September 29th. Wall Street Zen cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Northcoast Research restated a “neutral” rating on shares of Tetra Tech in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.00.

Insider Buying and Selling at Tetra Tech

In other news, Director Gary Birkenbeuel sold 2,390 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $36.00, for a total value of $86,040.00. Following the transaction, the director owned 37,725 shares in the company, valued at $1,358,100. This represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.40% of the stock is owned by company insiders.

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $32.80 on Friday. The firm’s 50 day moving average price is $35.30 and its 200-day moving average price is $34.66. Tetra Tech, Inc. has a twelve month low of $27.27 and a twelve month high of $51.20. 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 stock has a market capitalization of $8.62 billion, a PE ratio of 41.00 and a beta of 0.94.

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

Tetra Tech Announces Dividend

The firm 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 is 32.50%.

Tetra Tech Company 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.