Louisiana State Employees Retirement System Makes New Investment in Tetra Tech, Inc. $TTEK

Louisiana State Employees Retirement System acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 75,600 shares of the industrial products company’s stock, valued at approximately $2,277,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Horizon Corp increased its holdings in shares of Tetra Tech by 50.4% during the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 295 shares during the period. CIBC Private Wealth Group LLC grew its position in Tetra Tech by 63.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 341 shares in the last quarter. OP Asset Management Ltd bought a new position in Tetra Tech during the 1st quarter worth $34,000. Geneos Wealth Management Inc. increased its stake 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 worth $38,000 after acquiring an additional 751 shares during the period. Finally, Danske Bank A S acquired a new position in Tetra Tech in the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Robert W. Baird set a $35.00 target price on Tetra Tech in a report on Thursday, April 30th. Weiss Ratings downgraded Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Four 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, Tetra Tech currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Tetra Tech Trading Down 1.3%

Shares of TTEK stock opened at $28.88 on Tuesday. Tetra Tech, Inc. has a twelve month low of $25.81 and a twelve month high of $43.14. The stock’s fifty day simple moving average is $28.81 and its 200 day simple moving average is $32.57. 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 $7.49 billion, a P/E ratio of 17.29 and a beta of 0.93.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. 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. As a group, sell-side analysts predict that Tetra Tech, Inc. will post 1.54 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were issued a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, May 14th. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s payout ratio is presently 17.37%.

Insider Activity

In other Tetra Tech news, Director Jeffrey R. Feeler purchased 1,900 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the acquisition, the director owned 1,900 shares in the company, valued at approximately $50,179. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.49% of the company’s stock.

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.