Horizon Investments LLC Takes Position in Tetra Tech, Inc. $TTEK

Horizon Investments LLC acquired a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) during the fourth quarter, Holdings Channel.com reports. The firm acquired 55,691 shares of the industrial products company’s stock, valued at approximately $1,868,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TTEK. Brighton Jones LLC acquired a new stake in shares of Tetra Tech in the 4th quarter valued at $225,000. AQR Capital Management LLC grew its position in shares of Tetra Tech by 451.6% in the 1st quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock valued at $4,204,000 after buying an additional 118,774 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Tetra Tech by 136.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock valued at $48,507,000 after buying an additional 957,050 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Tetra Tech by 754.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock valued at $67,000 after buying an additional 1,638 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Monday, April 20th. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Tetra Tech Stock Down 0.1%

TTEK stock opened at $31.65 on Wednesday. Tetra Tech, Inc. has a one year low of $29.57 and a one year high of $43.14. The stock has a market capitalization of $8.25 billion, a PE ratio of 18.95 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.31 and a current ratio of 1.25. The company has a fifty day moving average of $32.16 and a 200-day moving average of $34.12.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the business earned $0.33 EPS. The business’s revenue was down 7.7% on a year-over-year basis. 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, analysts expect that Tetra Tech, Inc. will post 1.53 EPS for the current year.

Tetra Tech Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be paid a $0.072 dividend. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, May 14th. This represents a $0.29 annualized dividend and a dividend yield of 0.9%. Tetra Tech’s dividend payout ratio (DPR) is 15.57%.

About Tetra Tech

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.