Traders Purchase High Volume of Tetra Tech Put Options (NASDAQ:TTEK)

Tetra Tech, Inc. (NASDAQ:TTEK) was the recipient of some unusual options trading activity on Friday. Stock investors bought 9,931 put options on the stock. This is an increase of approximately 2,666% compared to the average daily volume of 359 put options.

Insiders Place Their Bets

In other news, Director Jeffrey R. Feeler bought 1,900 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the acquisition, the director owned 1,900 shares in the company, valued at approximately $50,179. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Tetra Tech

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB boosted its holdings in shares of Tetra Tech by 7.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 449,922 shares of the industrial products company’s stock valued at $12,998,000 after buying an additional 31,147 shares during the last quarter. Sarasin & Partners LLP raised its position in Tetra Tech by 8.4% during the second quarter. Sarasin & Partners LLP now owns 472,902 shares of the industrial products company’s stock worth $13,662,000 after acquiring an additional 36,732 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Tetra Tech by 8.6% in the second quarter. Dynamic Advisor Solutions LLC now owns 20,443 shares of the industrial products company’s stock valued at $591,000 after acquiring an additional 1,618 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Tetra Tech by 3.6% in the first quarter. Pacer Advisors Inc. now owns 72,043 shares of the industrial products company’s stock valued at $2,170,000 after acquiring an additional 2,490 shares during the last quarter. Finally, Glenmede Trust Co. NA grew its position in shares of Tetra Tech by 171.4% in the 1st quarter. Glenmede Trust Co. NA now owns 19,088 shares of the industrial products company’s stock valued at $575,000 after acquiring an additional 12,054 shares during the period. 93.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TTEK shares. Robert W. Baird set a $35.00 target price on Tetra Tech in a report on Thursday, April 30th. Royal Bank Of Canada dropped their price target on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Wednesday. National Bank Financial decreased their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Weiss Ratings cut Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Finally, Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Tetra Tech presently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

Tetra Tech Stock Up 4.3%

Shares of NASDAQ:TTEK traded up $1.32 during mid-day trading on Friday, reaching $31.89. 559,074 shares of the stock were exchanged, compared to its average volume of 3,132,376. The stock’s 50 day simple moving average is $28.85 and its 200-day simple moving average is $32.13. Tetra Tech has a one year low of $25.81 and a one year high of $43.14. The company has a market cap of $8.28 billion, a P/E ratio of 19.08 and a beta of 0.92. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.47.

Tetra Tech (NASDAQ:TTEK) last released its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1 billion. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. 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. As a group, equities research analysts predict that Tetra Tech will post 1.54 EPS for the current year.

Tetra Tech Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th were given a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 0.9%. This is an increase from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, May 14th. Tetra Tech’s payout ratio is 17.37%.

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.