23,096 Shares in Tetra Tech, Inc. $TTEK Purchased by Cullen Capital Management LLC

Cullen Capital Management LLC purchased a new stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 23,096 shares of the industrial products company’s stock, valued at approximately $667,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its holdings in shares of Tetra Tech by 63.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 341 shares during the period. OP Asset Management Ltd purchased a new position in Tetra Tech during the 1st quarter valued at $34,000. Evelyn Partners Investment Management Services Ltd bought a new position in Tetra Tech in the 1st quarter valued at $35,000. Geneos Wealth Management Inc. grew its position in Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 751 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in Tetra Tech in the third quarter worth $53,000. 93.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Tetra Tech Price Performance

Shares of TTEK stock opened at $36.79 on Wednesday. Tetra Tech, Inc. has a twelve month low of $25.81 and a twelve month high of $43.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $32.20 and a two-hundred day simple moving average of $31.83. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 22.16 and a beta of 0.90.

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

Tetra Tech Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.072 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is 16.87%.

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.