Royal Bank Of Canada Cuts Tetra Tech (NASDAQ:TTEK) Price Target to $43.00

by · The Cerbat Gem

Tetra Tech (NASDAQ:TTEK – Free Report) had its price target trimmed by Royal Bank Of Canada from $48.00 to $43.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the industrial products company’s stock.

TTEK has been the topic of several other reports. Weiss Ratings lowered shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Wall Street Zen downgraded Tetra Tech from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Robert W. Baird set a $35.00 target price on Tetra Tech in a research note on Thursday, April 30th. Finally, National Bank Financial lowered their target price on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Tetra Tech has an average rating of “Moderate Buy” and a consensus price target of $38.80.

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Tetra Tech Trading Up 3.7%

NASDAQ:TTEK opened at $31.71 on Wednesday. Tetra Tech has a 52-week low of $25.81 and a 52-week high of $43.14. 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 stock has a fifty day simple moving average of $28.96 and a 200-day simple moving average of $32.13. The company has a market capitalization of $8.23 billion, a PE ratio of 18.99 and a beta of 0.92.

Tetra Tech (NASDAQ:TTEK – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. 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 company earned $0.33 EPS. The firm’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. On average, equities research analysts expect that Tetra Tech will post 1.54 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 issued a $0.072 dividend. This is a positive change from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, May 14th. This represents a $0.29 dividend on an annualized basis and a yield of 0.9%. Tetra Tech’s payout ratio is currently 17.37%.

Insider Activity

In other news, Director Jeffrey R. Feeler purchased 1,900 shares of the stock in a transaction dated Friday, May 15th. The stock was acquired 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 directly owned 1,900 shares in the company, valued at $50,179. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by corporate insiders.

Institutional Trading of Tetra Tech

Hedge funds have recently bought and sold shares of the company. Capital International Investors grew its stake in Tetra Tech by 27.4% in the 4th quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock worth $302,416,000 after acquiring an additional 1,936,902 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Tetra Tech by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company’s stock worth $170,496,000 after purchasing an additional 52,375 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Tetra Tech by 84.9% during the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock worth $147,095,000 after purchasing an additional 1,847,087 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Tetra Tech by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,789,240 shares of the industrial products company’s stock valued at $114,128,000 after purchasing an additional 112,560 shares during the period. Finally, Norges Bank acquired a new position in Tetra Tech in the fourth quarter valued at $115,162,000. Institutional investors and hedge funds own 93.89% of the company’s stock.

Tetra Tech Company Profile

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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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