Tetra Tech, Inc. $TTEK Stake Trimmed by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. lowered its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 97.8% during the fourth quarter, HoldingsChannel reports. The firm owned 15,975 shares of the industrial products company’s stock after selling 721,450 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Tetra Tech were worth $536,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research firms have weighed in on TTEK. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research note on Monday, April 20th. Four 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Tetra Tech Stock Up 2.5%

Shares of Tetra Tech stock opened at $27.80 on Thursday. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 16.65 and a beta of 0.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The stock has a 50-day simple moving average of $29.84 and a 200-day simple moving average of $33.41.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The firm’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 EPS. 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. On average, equities research analysts expect that Tetra Tech, Inc. will post 1.53 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

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

Insider Activity

In other news, Director Jeffrey R. Feeler purchased 1,900 shares of Tetra Tech stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the acquisition, the director directly owned 1,900 shares in the company, valued at $50,179. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

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.