Tetra Tech (NASDAQ:TTEK) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of Tetra Tech (NASDAQ:TTEK) from a buy rating to a hold rating in a research report released on Saturday morning.

A number of other research analysts also recently commented on the company. Robert W. Baird boosted their price target on Tetra Tech from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday. Royal Bank Of Canada reissued an “outperform” rating and issued a $48.00 target price (up from $47.00) on shares of Tetra Tech in a report on Friday. National Bank Financial started coverage on shares of Tetra Tech in a report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, October 8th. Finally, Northcoast Research upgraded shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Tetra Tech has a consensus rating of “Moderate Buy” and a consensus price target of $42.20.

Tetra Tech Stock Performance

NASDAQ TTEK opened at $36.21 on Friday. The stock has a market cap of $9.52 billion, a PE ratio of 45.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a 50-day moving average of $33.91 and a 200-day moving average of $35.17. Tetra Tech has a 52-week low of $27.27 and a 52-week high of $43.50.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. Tetra Tech had a net margin of 3.94% and a return on equity of 24.70%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the firm earned $0.38 EPS. The business’s revenue was up 1.6% on a year-over-year basis. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS. FY 2026 guidance at 1.400-1.550 EPS. On average, sell-side analysts anticipate that Tetra Tech will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. Tetra Tech’s dividend payout ratio (DPR) is 27.96%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Tetra Tech during the 4th quarter worth approximately $225,000. CWM LLC raised its stake in shares of Tetra Tech by 185.3% during the first quarter. CWM LLC now owns 4,414 shares of the industrial products company’s stock valued at $129,000 after acquiring an additional 2,867 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Tetra Tech by 151.9% during the first quarter. Signaturefd LLC now owns 3,214 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 1,938 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of Tetra Tech by 30.9% in the first quarter. Cullen Frost Bankers Inc. now owns 2,335 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 551 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of Tetra Tech by 20.0% in the first quarter. Verdence Capital Advisors LLC now owns 7,761 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 1,296 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Company Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.