Neumeier Poma Investment Counsel LLC Purchases New Position in Tetra Tech, Inc. $TTEK

Neumeier Poma Investment Counsel LLC bought a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,514,378 shares of the industrial products company’s stock, valued at approximately $43,750,380. Tetra Tech makes up 0.0% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its 15th biggest position. Neumeier Poma Investment Counsel LLC owned about 0.59% of Tetra Tech as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Tetra Tech in the fourth quarter valued at $115,162,000. Energy Income Partners LLC purchased a new stake in shares of Tetra Tech in the second quarter valued at $68,512,000. AQR Capital Management LLC boosted its position in Tetra Tech by 351.6% during the 4th quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock valued at $96,440,000 after acquiring an additional 2,238,721 shares in the last quarter. Capital International Investors lifted its holdings in shares of Tetra Tech by 27.4% in the 4th quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock valued at $302,416,000 after buying an additional 1,936,902 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in shares of Tetra Tech by 84.9% in 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 in the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Trading Up 0.7%

Tetra Tech stock traded up $0.27 during trading on Friday, reaching $36.91. 709,935 shares of the company were exchanged, compared to its average volume of 3,132,901. The stock’s 50 day simple moving average is $32.56 and its two-hundred day simple moving average is $31.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. Tetra Tech, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The company has a market capitalization of $9.45 billion, a P/E ratio of 22.24 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.Tetra Tech’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 earnings per share. 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. On average, equities research analysts expect that Tetra Tech, Inc. will post 1.58 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a dividend of $0.072 per share. The ex-dividend date was Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is presently 17.47%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Robert W. Baird set a $37.00 target price on Tetra Tech in a research report on Thursday, July 30th. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded shares of Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. National Bank Financial reduced their price target on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Finally, Royal Bank Of Canada decreased their target price on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. Three 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 a consensus rating of “Moderate Buy” and a consensus price target of $38.25.

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.