VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 134,670 Tetra Tech, Inc. $TTEK

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 134,670 shares of the industrial products company’s stock, valued at approximately $3,891,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System raised its holdings in shares of Tetra Tech by 2,781.2% during the 2nd quarter. California State Teachers Retirement System now owns 8,369,895 shares of the industrial products company’s stock valued at $241,806,000 after buying an additional 8,079,398 shares in the last quarter. Norges Bank bought a new position in Tetra Tech during the fourth quarter valued at approximately $115,162,000. Energy Income Partners LLC bought a new position in Tetra Tech during the second quarter valued at approximately $68,512,000. AQR Capital Management LLC raised its stake in shares of Tetra Tech by 351.6% during the fourth quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock worth $96,440,000 after acquiring an additional 2,238,721 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Tetra Tech during the second quarter worth approximately $57,135,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

Tetra Tech Stock Down 0.4%

Shares of Tetra Tech stock opened at $35.51 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The company’s fifty day simple moving average is $33.91 and its two-hundred day simple moving average is $31.63. The company has a market cap of $9.09 billion, a P/E ratio of 21.39 and a beta of 0.90. Tetra Tech, Inc. has a 12-month low of $25.81 and a 12-month high of $43.14.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the company posted $0.43 EPS. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. Tetra Tech has set its Q4 2026 guidance at 0.450-0.480 EPS and its FY 2026 guidance at 1.560-1.590 EPS. Research analysts anticipate that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a $0.072 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. Tetra Tech’s dividend payout ratio is currently 16.87%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TTEK. Weiss Ratings raised shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Royal Bank Of Canada lowered 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 note on Wednesday, July 22nd. National Bank Financial reduced their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Robert W. Baird set a $37.00 target price on Tetra Tech in a research note on Thursday, July 30th. Finally, Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Tetra Tech presently has a consensus rating of “Moderate Buy” and an average price target of $38.25.

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.