Cullen Capital Management LLC Buys Shares of 23,096 Tetra Tech, Inc. $TTEK

Cullen Capital Management LLC purchased a new stake in Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, according to its most recent filing with the SEC. The firm purchased 23,096 shares of the industrial products company’s stock, valued at approximately $667,000.

Other large investors have also recently made changes to their positions in the company. Systematic Financial Management LP lifted its position in shares of Tetra Tech by 56.5% during the fourth quarter. Systematic Financial Management LP now owns 286,772 shares of the industrial products company’s stock valued at $9,618,000 after buying an additional 103,582 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Tetra Tech by 8.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 992,633 shares of the industrial products company’s stock worth $33,293,000 after buying an additional 74,530 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Tetra Tech by 69.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 216,917 shares of the industrial products company’s stock worth $7,275,000 after buying an additional 88,745 shares during the last quarter. Nicola Wealth Management LTD. bought a new position in shares of Tetra Tech during the 4th quarter worth approximately $12,242,000. Finally, Handelsbanken Fonder AB boosted its stake in Tetra Tech by 108.4% in the fourth quarter. Handelsbanken Fonder AB now owns 516,043 shares of the industrial products company’s stock valued at $17,308,000 after acquiring an additional 268,420 shares in the last quarter. 93.89% of the stock is owned by institutional investors.

Tetra Tech Price Performance

Shares of TTEK opened at $36.79 on Wednesday. The firm has a market capitalization of $9.42 billion, a PE ratio of 22.16 and a beta of 0.90. 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 1-year low of $25.81 and a 1-year high of $43.14. The company’s fifty day moving average price is $32.20 and its 200-day moving average price is $31.83.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a return on equity of 22.32% and a net margin of 8.60%.The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $0.43 EPS. The firm’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. On average, equities research analysts predict that Tetra Tech, Inc. will post 1.58 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a $0.072 dividend. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is presently 16.87%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TTEK shares. 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 lowered their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Robert W. Baird set a $37.00 target price on Tetra Tech in a research note on Thursday, July 30th. Wall Street Zen lowered Tetra Tech from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank Of Canada decreased their price target on 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average 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.