Voya Investment Management LLC Decreases Holdings in Tetra Tech, Inc. $TTEK

by · The Cerbat Gem

Voya Investment Management LLC trimmed its stake in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 50.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,021 shares of the industrial products company’s stock after selling 23,507 shares during the quarter. Voya Investment Management LLC’s holdings in Tetra Tech were worth $768,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTEK. ProShare Advisors LLC increased its stake in shares of Tetra Tech by 2.5% during the 2nd quarter. ProShare Advisors LLC now owns 11,684 shares of the industrial products company’s stock worth $420,000 after purchasing an additional 285 shares during the last quarter. US Bancorp DE grew its holdings in Tetra Tech by 1.7% during the second quarter. US Bancorp DE now owns 18,326 shares of the industrial products company’s stock valued at $659,000 after purchasing an additional 299 shares during the period. MAI Capital Management increased its position in Tetra Tech by 68.1% in the second quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock worth $31,000 after buying an additional 344 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Tetra Tech by 54.5% in the second quarter. Parkside Financial Bank & Trust now owns 987 shares of the industrial products company’s stock valued at $35,000 after buying an additional 348 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Tetra Tech by 22.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,062 shares of the industrial products company’s stock worth $74,000 after acquiring an additional 377 shares during the last quarter. 93.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TTEK shares. Robert W. Baird upped their price objective on shares of Tetra Tech from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. National Bank Financial started coverage on shares of Tetra Tech in a report on Wednesday, October 8th. They set an “outperform” rating and a $41.00 target price on the stock. 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 research report on Thursday, November 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $48.00 price target (up from $47.00) on shares of Tetra Tech in a report on Friday, November 14th. Finally, Wall Street Zen upgraded Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.20.

Check Out Our Latest Stock Report on TTEK

Tetra Tech Price Performance

Shares of NASDAQ:TTEK opened at $33.54 on Thursday. The company’s fifty day moving average price is $33.90 and its 200-day moving average price is $35.13. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 36.06 and a beta of 0.88. Tetra Tech, Inc. has a one year low of $27.27 and a one year high of $42.98.

Tetra Tech (NASDAQ:TTEK – Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Tetra Tech had a net margin of 4.55% and a return on equity of 25.79%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $0.38 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. Tetra Tech has set its Q1 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.400-1.550 EPS. On average, equities research analysts anticipate that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Monday, December 1st were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. Tetra Tech’s dividend payout ratio (DPR) is 27.96%.

About Tetra Tech

(Free Report)

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.

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