Texas Permanent School Fund Corp Sells 51,540 Shares of Tetra Tech, Inc. $TTEK

Texas Permanent School Fund Corp lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 28.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 127,365 shares of the industrial products company’s stock after selling 51,540 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Tetra Tech were worth $4,580,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Advisory Services Network LLC lifted its stake in Tetra Tech by 28.6% in the 2nd quarter. Advisory Services Network LLC now owns 11,840 shares of the industrial products company’s stock worth $435,000 after purchasing an additional 2,630 shares in the last quarter. Pitcairn Co. bought a new stake in shares of Tetra Tech in the second quarter worth about $221,000. Winslow Asset Management Inc. increased its holdings in shares of Tetra Tech by 1.9% in the second quarter. Winslow Asset Management Inc. now owns 447,862 shares of the industrial products company’s stock worth $16,105,000 after purchasing an additional 8,303 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of Tetra Tech by 7.3% in the second quarter. Evergreen Capital Management LLC now owns 12,490 shares of the industrial products company’s stock worth $449,000 after buying an additional 851 shares in the last quarter. Finally, Headlands Technologies LLC boosted its stake in Tetra Tech by 25.6% during the second quarter. Headlands Technologies LLC now owns 36,106 shares of the industrial products company’s stock valued at $1,298,000 after buying an additional 7,361 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Robert W. Baird lifted their price objective on Tetra Tech from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, October 8th. Northcoast Research upgraded shares of 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 raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $48.00 target price (up from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.20.

Tetra Tech Stock Up 1.1%

NASDAQ TTEK opened at $34.54 on Thursday. 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, Inc. has a 52 week low of $27.27 and a 52 week high of $42.98. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 37.14 and a beta of 0.88. The company has a fifty day moving average of $33.76 and a two-hundred day moving average of $35.22.

Tetra Tech (NASDAQ:TTEK) last announced its earnings results on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. Tetra Tech had a net margin of 4.55% and a return on equity of 25.79%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.400-1.550 EPS. On average, analysts predict that Tetra Tech, Inc. will post 1.37 earnings per share for the current year.

Tetra Tech Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Monday, December 1st were given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, December 1st. Tetra Tech’s payout ratio is 27.96%.

About Tetra Tech

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.