Kingdon Capital Management L.L.C. Has $5.84 Million Stake in Tetra Tech, Inc. $TTEK

Kingdon Capital Management L.L.C. lowered its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 44.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 175,000 shares of the industrial products company’s stock after selling 140,000 shares during the period. Kingdon Capital Management L.L.C. owned about 0.07% of Tetra Tech worth $5,842,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TTEK. Ninety One UK Ltd raised its holdings in Tetra Tech by 2.8% in the 3rd quarter. Ninety One UK Ltd now owns 2,870,244 shares of the industrial products company’s stock valued at $95,809,000 after buying an additional 78,332 shares during the last quarter. Capital International Inc. CA bought a new stake in Tetra Tech during the 3rd quarter worth approximately $2,067,000. PGGM Investments increased its position in Tetra Tech by 32.2% in the 3rd quarter. PGGM Investments now owns 1,099,907 shares of the industrial products company’s stock valued at $36,715,000 after acquiring an additional 268,174 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Tetra Tech by 218.6% during the second quarter. Quadrant Capital Group LLC now owns 25,030 shares of the industrial products company’s stock valued at $900,000 after acquiring an additional 17,174 shares during the last quarter. Finally, LBP AM SA raised its stake in shares of Tetra Tech by 68.4% during the third quarter. LBP AM SA now owns 345,230 shares of the industrial products company’s stock valued at $11,524,000 after acquiring an additional 140,219 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Robert W. Baird set a $43.00 price objective on shares of Tetra Tech in a research note on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. 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 MarketBeat, Tetra Tech presently has an average rating of “Moderate Buy” and an average price target of $42.60.

Insider Activity

In other news, SVP Brian N. Carter sold 9,979 shares of the firm’s stock in a transaction that occurred 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 through this link. Insiders own 0.49% of the company’s stock.

Tetra Tech Stock Performance

Shares of TTEK opened at $32.18 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. The firm’s fifty day simple moving average is $36.53 and its two-hundred day simple moving average is $35.06. Tetra Tech, Inc. has a 12 month low of $27.27 and a 12 month high of $43.14. The stock has a market capitalization of $8.39 billion, a P/E ratio of 24.20 and a beta of 0.90.

Tetra Tech (NASDAQ:TTEK) last posted its quarterly earnings data on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. Tetra Tech had a return on equity of 23.84% and a net margin of 6.73%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $974.28 million. During the same period last year, the company posted $0.35 EPS. The business’s quarterly revenue was down 13.4% on a year-over-year basis. 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. As a group, analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, February 12th. Tetra Tech’s dividend payout ratio is presently 19.55%.

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.