Tetra Tech (NASDAQ:TTEK) Stock Price Down 7.6% – Should You Sell?

Tetra Tech, Inc. (NASDAQ:TTEK) traded down 7.6% during mid-day trading on Wednesday . The stock traded as low as $26.52 and last traded at $26.5150. 2,535,064 shares changed hands during trading, a decline of 13% from the average session volume of 2,909,305 shares. The stock had previously closed at $28.71.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TTEK. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $41.00.

Tetra Tech Trading Down 0.1%

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50-day moving average is $31.36 and its two-hundred day moving average is $33.91. The stock has a market cap of $6.79 billion, a P/E ratio of 15.68 and a beta of 1.00.

Tetra Tech (NASDAQ:TTEK) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the business earned $0.33 earnings per share. Tetra Tech’s revenue for the quarter was down 7.7% on a year-over-year basis. 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. Equities research analysts anticipate that Tetra Tech, Inc. will post 1.53 EPS for the current year.

Tetra Tech Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be given a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a yield of 1.1%. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, May 14th. Tetra Tech’s dividend payout ratio (DPR) is 15.57%.

Hedge Funds Weigh In On Tetra Tech

Institutional investors have recently bought and sold shares of the business. Bfsg LLC purchased a new stake in shares of Tetra Tech in the third quarter valued at $25,000. Root Financial Partners LLC purchased a new stake in shares of Tetra Tech in the third quarter valued at $30,000. First Horizon Corp raised its stake in shares of Tetra Tech by 50.4% in the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 295 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 341 shares during the period. Finally, OP Asset Management Ltd purchased a new stake in shares of Tetra Tech in the first quarter valued at $34,000. Institutional investors own 93.89% of the company’s stock.

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.