Formula Growth Ltd. Invests $1.13 Million in Tetra Tech, Inc. $TTEK

Formula Growth Ltd. acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the 2nd quarter, HoldingsChannel reports. The fund acquired 39,050 shares of the industrial products company’s stock, valued at approximately $1,128,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC grew its position in shares of Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 341 shares during the last quarter. OP Asset Management Ltd bought a new position in shares of Tetra Tech in the first quarter worth about $34,000. Evelyn Partners Investment Management Services Ltd acquired a new position in shares of Tetra Tech during the 1st quarter worth about $35,000. Geneos Wealth Management Inc. boosted 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 valued at $38,000 after purchasing an additional 751 shares during the period. Finally, Danske Bank A S acquired a new stake in Tetra Tech in the 3rd quarter valued at approximately $53,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TTEK has been the topic of several recent analyst reports. Royal Bank Of Canada dropped their price target on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Wall Street Zen cut Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a research note on Thursday, July 30th. National Bank Financial dropped their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.25.

Tetra Tech Price Performance

Shares of TTEK stock opened at $36.64 on Friday. The stock’s fifty day simple moving average is $32.56 and its 200 day simple moving average is $31.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 22.07 and a beta of 0.90. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14.

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

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a dividend of $0.072 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is 17.47%.

Tetra Tech Company 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.