Tetra Tech (NASDAQ:TTEK) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Tetra Tech (NASDAQ:TTEK) from a buy rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

A number of other research firms have also recently weighed in on TTEK. National Bank Financial decreased their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Royal Bank Of Canada dropped their target price on Tetra Tech from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Robert W. Baird set a $37.00 price target on Tetra Tech in a research note on Thursday, July 30th. Finally, KeyCorp restated an “overweight” rating and set a $41.00 price target (down from $43.00) on shares of Tetra Tech in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and an average target price of $39.00.

Tetra Tech Price Performance

Shares of TTEK opened at $34.63 on Friday. Tetra Tech has a fifty-two week low of $25.81 and a fifty-two week high of $43.14. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 22.26 and a beta of 0.95. The firm has a 50-day simple moving average of $35.24 and a 200-day simple moving average of $31.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $1.31 billion for 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 was down 4.4% on a year-over-year basis. During the same quarter last 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, equities research analysts anticipate that Tetra Tech will post 1.58 earnings per share for the current year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.0720 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, August 13th. Tetra Tech’s payout ratio is 17.47%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TTEK. Amundi lifted its position in shares of Tetra Tech by 7.4% during the 2nd quarter. Amundi now owns 5,098,519 shares of the industrial products company’s stock valued at $147,264,000 after acquiring an additional 349,272 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Tetra Tech by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock worth $114,128,000 after acquiring an additional 112,560 shares during the period. First Trust Advisors LP grew its holdings in shares of Tetra Tech by 47.6% in the 1st quarter. First Trust Advisors LP now owns 2,445,482 shares of the industrial products company’s stock worth $73,658,000 after acquiring an additional 788,491 shares during the period. Energy Income Partners LLC acquired a new stake in shares of Tetra Tech in the 2nd quarter worth approximately $68,512,000. Finally, Bank of America Corp DE purchased a new position in Tetra Tech in the 2nd quarter valued at approximately $57,135,000. 93.89% of the stock is owned by hedge funds and other institutional investors.

Tetra Tech Company Profile

Tetra Tech, Inc (NASDAQ:TTEK) is a consulting and engineering services company that helps government and commercial clients address complex challenges involving water, environmental resources, infrastructure and energy. Its work includes planning, design, engineering, program management, construction management and technical consulting.

The company provides services related to water supply and treatment, environmental remediation, climate and disaster resilience, sustainable infrastructure, energy development, high-performance buildings and natural resource management.