Tetra Tech (NASDAQ:TTEK) Upgraded to “Buy” at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Tetra Tech (NASDAQ:TTEK – Free Report) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

A number of other research analysts have also issued reports on the stock. Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a report on Thursday, July 30th. Weiss Ratings raised shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. National Bank Financial decreased their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Finally, 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 note on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.25.

View Our Latest Report on TTEK

Tetra Tech Trading Up 0.8%

Shares of TTEK stock opened at $33.91 on Friday. The firm has a market capitalization of $8.68 billion, a P/E ratio of 20.43 and a beta of 0.90. Tetra Tech has a twelve month low of $25.81 and a twelve month high of $43.14. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $35.03 and its 200 day simple moving average is $31.70.

Tetra Tech (NASDAQ:TTEK – Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the company earned $0.43 earnings per share. The business’s quarterly revenue was down 4.4% on a year-over-year basis. 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. As a group, sell-side analysts predict that Tetra Tech will post 1.58 EPS for the current fiscal year.

Tetra Tech Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a dividend of $0.0720 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is 17.47%.

Institutional Trading of Tetra Tech

Institutional investors have recently added to or reduced their stakes in the stock. OP Asset Management Ltd bought a new position in Tetra Tech during the 1st quarter worth approximately $34,000. Evelyn Partners Investment Management Services Ltd bought a new stake in shares of Tetra Tech in the 1st quarter valued at $35,000. Rothschild Investment LLC boosted its stake in shares of Tetra Tech by 1,243.0% in the 4th quarter. Rothschild Investment LLC now owns 1,907 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 1,765 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Tetra Tech during the second quarter worth $72,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Tetra Tech by 101.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,947 shares of the industrial products company’s stock worth $99,000 after buying an additional 1,484 shares during the period. 93.89% of the stock is currently owned by institutional investors.

About Tetra Tech

(Get Free Report)

Tetra Tech, Inc (NASDAQ:TTEK) is a consulting and engineering services company that helps government and commercial clients address challenges involving water, the environment, infrastructure, energy and natural resources. Its services include planning, design, engineering, program and construction management, scientific consulting, data analysis and technology solutions.

The company works on projects such as water supply and treatment, environmental restoration, climate resilience, sustainable infrastructure, renewable energy, transportation and national security.

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