Norges Bank Purchases New Holdings in Tetra Tech, Inc. $TTEK

Norges Bank acquired a new position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 3,433,575 shares of the industrial products company’s stock, valued at approximately $115,162,000.

Several other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Tetra Tech in the fourth quarter worth $225,000. AQR Capital Management LLC raised its position in Tetra Tech by 451.6% during the first quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock valued at $4,204,000 after buying an additional 118,774 shares during the period. Goldman Sachs Group Inc. lifted its stake in Tetra Tech by 136.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock worth $48,507,000 after acquiring an additional 957,050 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 751 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Tetra Tech by 754.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock worth $67,000 after acquiring an additional 1,638 shares during the period. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Up 0.6%

Shares of Tetra Tech stock opened at $27.97 on Friday. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 16.75 and a beta of 0.93. The stock has a 50-day simple moving average of $29.77 and a 200-day simple moving average of $33.35. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25.

Tetra Tech (NASDAQ:TTEK) last issued 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. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. 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. On average, equities research analysts expect that Tetra Tech, Inc. will post 1.53 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were issued a dividend of $0.072 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.0%. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s payout ratio is 17.37%.

Insider Activity

In other Tetra Tech news, Director Jeffrey R. Feeler acquired 1,900 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the acquisition, the director owned 1,900 shares of the company’s stock, valued at approximately $50,179. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TTEK shares. Robert W. Baird set a $35.00 target price on Tetra Tech in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

Tetra Tech Company Profile

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.