Norges Bank Acquires New Holdings in Tetra Tech, Inc. $TTEK

Norges Bank bought a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,433,575 shares of the industrial products company’s stock, valued at approximately $115,162,000. Norges Bank owned 1.32% of Tetra Tech as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TTEK. First Horizon Corp boosted its position in shares of Tetra Tech by 50.4% during the fourth quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 295 shares during the period. Geneos Wealth Management Inc. increased its position in Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 751 shares during the period. Danske Bank A S bought a new stake in Tetra Tech during the 3rd quarter valued at $53,000. Larson Financial Group LLC boosted its position in Tetra Tech by 26.9% during the 4th quarter. Larson Financial Group LLC now owns 1,691 shares of the industrial products company’s stock worth $57,000 after acquiring an additional 358 shares during the period. Finally, Wilmington Savings Fund Society FSB boosted its position in Tetra Tech by 84.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,755 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 801 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.

Insider Buying and Selling at Tetra Tech

In related news, Director Jeffrey R. Feeler purchased 1,900 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the transaction, the director directly owned 1,900 shares of the company’s stock, valued at $50,179. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TTEK shares. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Tetra Tech Stock Up 0.6%

NASDAQ TTEK opened at $27.97 on Friday. Tetra Tech, Inc. has a 12 month low of $25.81 and a 12 month high of $43.14. The company has a market capitalization of $7.26 billion, a P/E ratio of 16.75 and a beta of 0.93. The company’s 50 day simple moving average is $29.77 and its 200 day simple moving average is $33.35. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the previous year, the business posted $0.33 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. 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 expect that Tetra Tech, Inc. will post 1.53 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were issued a dividend of $0.072 per share. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, May 14th. Tetra Tech’s dividend payout ratio (DPR) is currently 17.37%.

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.