Tetra Tech, Inc. (TTEK) to Distribute Quarterly Dividend of $0.07 on August 27th

Tetra Tech, Inc. (NASDAQ:TTEK) announced a quarterly dividend on Monday, July 27th. Investors of record on Thursday, August 13th will be paid a dividend of 0.072 per share by the industrial products company on Thursday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th.

Tetra Tech has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 11 consecutive years. Tetra Tech has a payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Tetra Tech to earn $1.76 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 15.9%.

Tetra Tech Trading Down 1.1%

NASDAQ TTEK opened at $35.04 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $8.97 billion, a P/E ratio of 21.11 and a beta of 0.90. The firm’s 50-day moving average is $30.35 and its two-hundred day moving average is $31.94. Tetra Tech has a 12 month low of $25.81 and a 12 month high of $43.14.

Tetra Tech (NASDAQ:TTEK) last released its quarterly 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. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.08 billion. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The business’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. 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. On average, sell-side analysts anticipate that Tetra Tech will post 1.58 earnings per share for the current year.

Insider Transactions at Tetra Tech

In related news, Director Jeffrey R. Feeler purchased 1,900 shares of Tetra Tech stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the transaction, the director owned 1,900 shares in the company, valued at approximately $50,179. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Tetra Tech

Hedge funds have recently made changes to their positions in the stock. First Horizon Corp lifted its stake 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 purchasing an additional 295 shares in the last quarter. CIBC Private Wealth Group LLC increased 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 worth $30,000 after buying an additional 341 shares during the last quarter. OP Asset Management Ltd acquired a new stake in Tetra Tech in the first quarter valued at $34,000. Evelyn Partners Investment Management Services Ltd bought a new position in Tetra Tech during the 1st quarter valued at $35,000. Finally, Geneos Wealth Management Inc. grew its holdings in Tetra Tech by 136.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 751 shares in the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

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.