Moran Wealth Management LLC Sells 81,923 Shares of Tetra Tech, Inc. $TTEK

Moran Wealth Management LLC lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 49.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 84,145 shares of the industrial products company’s stock after selling 81,923 shares during the quarter. Moran Wealth Management LLC’s holdings in Tetra Tech were worth $2,534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. First Horizon Corp increased its stake in 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 last quarter. CIBC Private Wealth Group LLC raised its position in Tetra Tech by 63.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 341 shares in the last quarter. OP Asset Management Ltd bought a new stake in Tetra Tech during the first quarter worth about $34,000. Geneos Wealth Management Inc. boosted its holdings in shares of 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 worth $38,000 after purchasing an additional 751 shares in the last quarter. Finally, Danske Bank A S purchased a new position in shares of Tetra Tech in the 3rd quarter worth about $53,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Insider Buying and Selling

In other Tetra Tech news, Director Jeffrey R. Feeler acquired 1,900 shares of the business’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the acquisition, the director owned 1,900 shares in the company, valued at $50,179. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TTEK has been the topic of a number of recent research reports. Weiss Ratings cut shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Robert W. Baird set a $35.00 price objective on shares of Tetra Tech in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Tetra Tech presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Tetra Tech Price Performance

NASDAQ TTEK opened at $29.90 on Monday. 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 has a market capitalization of $7.76 billion, a PE ratio of 17.90 and a beta of 0.92. Tetra Tech, Inc. has a 1 year low of $25.81 and a 1 year high of $43.14. The business’s 50-day moving average is $28.64 and its 200 day moving average is $32.43.

Tetra Tech (NASDAQ:TTEK) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 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 business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business earned $0.33 EPS. The company’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. Sell-side analysts forecast that Tetra Tech, Inc. will post 1.54 earnings per share for the current year.

Tetra Tech Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th were paid a dividend of $0.072 per share. The ex-dividend date of this dividend was Thursday, May 14th. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. This represents a $0.29 annualized dividend and a yield of 1.0%. Tetra Tech’s payout ratio is presently 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.