Rice Hall James & Associates LLC Grows Stock Holdings in Tetra Tech, Inc. $TTEK

Rice Hall James & Associates LLC grew its holdings in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 28.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 122,955 shares of the industrial products company’s stock after purchasing an additional 27,117 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Tetra Tech were worth $3,703,000 at the end of the most recent quarter.

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

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a report on Thursday, April 30th. Royal Bank Of Canada dropped their price target on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, National Bank Financial decreased their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Tetra Tech has an average rating of “Moderate Buy” and a consensus target price of $38.80.

Tetra Tech Stock Performance

Tetra Tech stock opened at $31.71 on Monday. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 18.99 and a beta of 0.92. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50-day moving average is $28.96 and its 200-day moving average is $32.11.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s revenue for the quarter 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. Equities analysts anticipate that Tetra Tech, Inc. will post 1.54 earnings per share for the current year.

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.