LGT Group Foundation Purchases 176,302 Shares of Tetra Tech, Inc. $TTEK

LGT Group Foundation lifted its holdings in Tetra Tech, Inc. (NASDAQ:TTEK) by 6.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,978,570 shares of the industrial products company’s stock after purchasing an additional 176,302 shares during the period. Tetra Tech accounts for approximately 1.1% of LGT Group Foundation’s portfolio, making the stock its 20th biggest holding. LGT Group Foundation owned 1.13% of Tetra Tech worth $98,859,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TTEK. Sands Capital Management LLC grew its holdings in Tetra Tech by 26.5% in the 2nd quarter. Sands Capital Management LLC now owns 5,200,335 shares of the industrial products company’s stock valued at $187,004,000 after buying an additional 1,089,599 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Tetra Tech by 84.9% during the second 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 last quarter. Dimensional Fund Advisors LP boosted its position in shares of Tetra Tech by 1.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,593,261 shares of the industrial products company’s stock valued at $119,947,000 after acquiring an additional 48,163 shares during the period. Norges Bank bought a new position in Tetra Tech during the second quarter worth $104,843,000. Finally, Ninety One UK Ltd boosted its holdings in Tetra Tech by 2.8% in the 3rd quarter. Ninety One UK Ltd now owns 2,870,244 shares of the industrial products company’s stock valued at $95,809,000 after purchasing an additional 78,332 shares during the period. Institutional investors own 93.89% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TTEK shares. Royal Bank Of Canada restated an “outperform” rating and set a $48.00 price objective (up from $47.00) on shares of Tetra Tech in a report on Friday, November 14th. Northcoast Research upgraded 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, November 13th. Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research report on Sunday, November 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. Finally, Robert W. Baird set a $43.00 price target on shares of Tetra Tech in a research note on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus price target of $42.60.

Insider Buying and Selling

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $40.23, for a total value of $401,455.17. Following the transaction, the senior vice president directly owned 46,496 shares in the company, valued at $1,870,534.08. The trade was a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.

Tetra Tech Price Performance

Shares of TTEK stock opened at $34.87 on Monday. The stock’s fifty day simple moving average is $36.55 and its 200 day simple moving average is $35.16. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $43.14. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 26.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.31 and a quick ratio of 1.31.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings data on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $974.28 million. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. On average, analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, February 12th. Tetra Tech’s dividend payout ratio (DPR) is currently 19.55%.

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.