Legal & General Group Plc Reduces Stock Holdings in Tetra Tech, Inc. $TTEK

Legal & General Group Plc trimmed its position in shares of Tetra Tech, Inc. (NASDAQ:TTEK) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 383,220 shares of the industrial products company’s stock after selling 39,979 shares during the period. Legal & General Group Plc’s holdings in Tetra Tech were worth $12,853,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Tetra Tech during the 4th quarter valued at $225,000. AQR Capital Management LLC lifted its holdings in Tetra Tech by 451.6% during the first quarter. AQR Capital Management LLC now owns 145,077 shares of the industrial products company’s stock valued at $4,204,000 after purchasing an additional 118,774 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Tetra Tech by 136.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,658,349 shares of the industrial products company’s stock valued at $48,507,000 after purchasing an additional 957,050 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Tetra Tech by 136.1% during the first 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 during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Tetra Tech by 754.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,855 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 1,638 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on TTEK shares. Robert W. Baird set a $35.00 price target on shares of Tetra Tech in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tetra Tech in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Insider Buying and Selling

In other news, Director Jeffrey R. Feeler purchased 1,900 shares of the business’s stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $26.41 per share, with a total value of $50,179.00. Following the acquisition, the director directly owned 1,900 shares in the company, valued at approximately $50,179. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is currently owned by insiders.

Tetra Tech Stock Down 4.1%

Shares of NASDAQ TTEK opened at $27.13 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47. The company has a market cap of $7.04 billion, a P/E ratio of 16.25 and a beta of 0.93. Tetra Tech, Inc. has a 52 week low of $25.81 and a 52 week high of $43.14. The business has a 50-day simple moving average of $29.98 and a two-hundred day simple moving average of $33.51.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the prior year, the business posted $0.33 earnings per share. The company’s revenue 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. Research analysts anticipate that Tetra Tech, Inc. will post 1.53 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were paid a $0.072 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.29 annualized dividend and a yield of 1.1%. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. Tetra Tech’s dividend payout ratio is currently 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.