Tetra Tech, Inc. (NASDAQ:TTEK) Receives $38.25 Average Price Target from Brokerages

Shares of Tetra Tech, Inc. (NASDAQ:TTEK) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $38.25.

A number of analysts recently issued reports on the company. Weiss Ratings raised Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. National Bank Financial cut 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 note on Monday, July 13th. Wall Street Zen cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Royal Bank Of Canada dropped their price objective on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, July 22nd. Finally, Robert W. Baird set a $37.00 price objective on shares of Tetra Tech in a research report on Thursday, July 30th.

Institutional Trading of Tetra Tech

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its stake in Tetra Tech by 2.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 14,335 shares of the industrial products company’s stock valued at $414,000 after buying an additional 285 shares during the last quarter. First Horizon Corp lifted its position in shares of Tetra Tech by 50.4% during the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 295 shares in the last quarter. Optas LLC boosted its stake in shares of Tetra Tech by 2.6% in the 1st quarter. Optas LLC now owns 12,803 shares of the industrial products company’s stock worth $386,000 after buying an additional 330 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Tetra Tech by 63.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 341 shares during the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Tetra Tech by 26.9% in the fourth quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 358 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.

Tetra Tech Trading Down 0.5%

Shares of NASDAQ TTEK opened at $36.59 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. Tetra Tech has a twelve month low of $25.81 and a twelve month high of $43.14. The company’s fifty day moving average is $32.37 and its 200-day moving average is $31.80. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 22.04 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. The company’s 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. Equities research analysts predict that Tetra Tech will post 1.58 EPS for the current year.

Tetra Tech Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 13th. Tetra Tech’s dividend payout ratio is 17.47%.

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.