Legal & General Group Plc Invests $27.33 Million in Tetra Tech, Inc. $TTEK

Legal & General Group Plc purchased a new position in Tetra Tech, Inc. (NASDAQ:TTEK) during the second quarter, HoldingsChannel reports. The firm purchased 945,909 shares of the industrial products company’s stock, valued at approximately $27,327,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in Tetra Tech in the 4th quarter worth approximately $115,162,000. Energy Income Partners LLC purchased a new stake in Tetra Tech during the second quarter valued at approximately $68,512,000. AQR Capital Management LLC raised its position in Tetra Tech by 351.6% in the fourth quarter. AQR Capital Management LLC now owns 2,875,372 shares of the industrial products company’s stock worth $96,440,000 after acquiring an additional 2,238,721 shares during the period. Capital International Investors raised its position in Tetra Tech by 27.4% in the fourth quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock worth $302,416,000 after acquiring an additional 1,936,902 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in shares of Tetra Tech by 84.9% during the 2nd quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after acquiring an additional 1,847,087 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Tetra Tech Trading Down 0.3%

Shares of Tetra Tech stock opened at $36.54 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 22.01 and a beta of 0.90. Tetra Tech, Inc. has a twelve month low of $25.81 and a twelve month high of $43.14. The business has a 50-day moving average price of $32.74 and a 200-day moving average price of $31.80.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. Tetra Tech had a net margin of 8.60% and a return on equity of 22.32%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm posted $0.43 earnings per share. Tetra Tech’s revenue for the quarter was down 4.4% compared to the same quarter last year. 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. Equities research analysts anticipate that Tetra Tech, Inc. will post 1.58 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 13th. Tetra Tech’s dividend payout ratio (DPR) is presently 17.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TTEK shares. Weiss Ratings upgraded Tetra Tech from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Robert W. Baird set a $37.00 price target on Tetra Tech in a report on Thursday, July 30th. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. National Bank Financial cut their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Finally, Royal Bank Of Canada decreased their target price on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.25.

Tetra Tech 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.