Principal Financial Group Inc. Boosts Holdings in Tetra Tech, Inc. $TTEK

Principal Financial Group Inc. boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 583,252 shares of the industrial products company’s stock after purchasing an additional 20,951 shares during the quarter. Principal Financial Group Inc. owned about 0.22% of Tetra Tech worth $17,568,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of TTEK. Capital International Investors increased its holdings in shares of Tetra Tech by 27.4% during the 4th quarter. Capital International Investors now owns 9,016,577 shares of the industrial products company’s stock worth $302,416,000 after buying an additional 1,936,902 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Tetra Tech by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 5,082,342 shares of the industrial products company’s stock valued at $170,496,000 after acquiring an additional 52,375 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in Tetra Tech by 84.9% in the second quarter. Corient Private Wealth LLC now owns 4,021,788 shares of the industrial products company’s stock valued at $147,095,000 after acquiring an additional 1,847,087 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Tetra Tech by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,676,680 shares of the industrial products company’s stock valued at $123,322,000 after acquiring an additional 83,419 shares during the period. Finally, Norges Bank acquired a new stake in Tetra Tech during the fourth quarter worth about $115,162,000. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Tetra Tech Stock Up 1.5%

Shares of NASDAQ:TTEK opened at $30.98 on Thursday. 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, Inc. has a 52-week low of $25.81 and a 52-week high of $43.14. The company has a 50 day moving average of $28.76 and a two-hundred day moving average of $32.16. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 18.55 and a beta of 0.92.

Tetra Tech (NASDAQ:TTEK) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1 billion. Tetra Tech had a net margin of 8.58% and a return on equity of 22.89%. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 earnings per share. 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, analysts forecast that Tetra Tech, Inc. will post 1.54 earnings per share for the current fiscal year.

Tetra Tech Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were issued a $0.072 dividend. The ex-dividend date was Thursday, May 14th. 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. Tetra Tech’s dividend payout ratio (DPR) is presently 17.37%.

Insiders Place Their Bets

In other Tetra Tech news, Director Jeffrey R. Feeler bought 1,900 shares of the stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of $26.41 per share, for a total transaction of $50,179.00. Following the completion of the purchase, the director directly owned 1,900 shares of the company’s stock, valued at approximately $50,179. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on TTEK shares. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a research report on Thursday, April 30th. National Bank Financial decreased their price objective on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Wall Street Zen downgraded shares of Tetra Tech from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings lowered shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Royal Bank Of Canada lowered their price target on Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday. Four investment 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 an average rating of “Moderate Buy” and an average target price of $38.80.

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.