Tetra Tech (NASDAQ:TTEK) Shares Down 11.7% – What’s Next?

Tetra Tech, Inc. (NASDAQ:TTEK) shares dropped 11.7% during mid-day trading on Thursday . The stock traded as low as $35.40 and last traded at $35.6790. Approximately 5,117,880 shares traded hands during mid-day trading, an increase of 80% from the average daily volume of 2,837,117 shares. The stock had previously closed at $40.42.

Analysts Set New Price Targets

TTEK has been the subject of several recent research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $48.00 target price (up from $47.00) on shares of Tetra Tech in a research note on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Tetra Tech in a research note on Wednesday, January 21st. Northcoast Research upgraded Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, November 13th. Robert W. Baird set a $43.00 target price on Tetra Tech in a report on Thursday, January 29th. Finally, Wall Street Zen raised Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.60.

Tetra Tech Stock Up 2.9%

The firm has a market cap of $9.57 billion, a PE ratio of 27.59 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.31 and a quick ratio of 1.31. The business has a fifty day moving average price of $36.18 and a two-hundred day moving average price of $35.29.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings data on Wednesday, January 28th. The industrial products company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $974.28 million. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The business’s quarterly revenue was down 13.4% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. On average, analysts anticipate that Tetra Tech, Inc. will post 1.37 EPS for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 12th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, February 12th. Tetra Tech’s dividend payout ratio is currently 19.55%.

Insider Transactions at Tetra Tech

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of Tetra Tech stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $40.23, for a total transaction of $401,455.17. Following the completion of the sale, the senior vice president owned 46,496 shares of the company’s stock, valued at $1,870,534.08. This trade represents a 17.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in shares of Tetra Tech during the 4th quarter valued at about $248,000. Marshall Wace LLP acquired a new position in shares of Tetra Tech during the 4th quarter worth $3,188,000. Bridgewater Associates LP bought a new position in shares of Tetra Tech during the 4th quarter valued at $2,157,000. UMB Bank n.a. lifted its stake in shares of Tetra Tech by 90.8% in the 4th quarter. UMB Bank n.a. now owns 7,735 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 3,682 shares during the last quarter. Finally, Ridge Creek Global Inc bought a new stake in Tetra Tech in the fourth quarter worth $911,000. Hedge funds and other institutional investors 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.