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

Tetra Tech (NASDAQ:TTEK) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

TTEK has been the subject of several other research reports. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a research report on Thursday, April 30th. Weiss Ratings lowered Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Tetra Tech Price Performance

Shares of Tetra Tech stock traded up $0.05 during trading on Friday, reaching $30.99. The company’s stock had a trading volume of 2,043,520 shares, compared to its average volume of 3,389,054. The stock has a 50-day moving average price of $28.59 and a two-hundred day moving average price of $32.33. The stock has a market capitalization of $8.04 billion, a P/E ratio of 18.56 and a beta of 0.92. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.47. Tetra Tech has a one year low of $25.81 and a one year high of $43.14.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating 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 firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the company posted $0.33 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. 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, sell-side analysts anticipate that Tetra Tech will post 1.54 EPS for the current fiscal year.

Insider Transactions at Tetra Tech

In other Tetra Tech news, Director Jeffrey R. Feeler acquired 1,900 shares of Tetra Tech stock in a transaction on Friday, May 15th. The shares were purchased at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the purchase, the director owned 1,900 shares in the company, valued at $50,179. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Capital International Investors grew its stake in shares of Tetra Tech by 27.4% during the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock worth $302,416,000 after purchasing an additional 1,936,902 shares during the period. Alliancebernstein L.P. boosted its holdings in Tetra Tech by 12.0% during the third quarter. Alliancebernstein L.P. now owns 6,581,244 shares of the industrial products company’s stock worth $219,682,000 after buying an additional 705,673 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Tetra Tech by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company’s stock worth $170,496,000 after buying an additional 52,375 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Tetra Tech by 84.9% during the 2nd quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after buying an additional 1,847,087 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Tetra Tech by 3.1% during 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 buying an additional 112,560 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

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.