Principal Financial Group Inc. Cuts Stake in Tetra Tech, Inc. $TTEK

Principal Financial Group Inc. lessened its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 583,492 shares of the industrial products company’s stock after selling 14,861 shares during the quarter. Principal Financial Group Inc. owned 0.22% of Tetra Tech worth $19,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bfsg LLC bought a new position in shares of Tetra Tech in the third quarter worth approximately $25,000. Financial Consulate Inc. bought a new position in Tetra Tech in the 3rd quarter valued at approximately $26,000. Root Financial Partners LLC purchased a new stake in Tetra Tech during the 3rd quarter valued at $30,000. MAI Capital Management increased its holdings in shares of Tetra Tech by 68.1% in the 2nd quarter. MAI Capital Management now owns 849 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 344 shares in the last quarter. Finally, True Wealth Design LLC raised its stake in shares of Tetra Tech by 228.6% in the third quarter. True Wealth Design LLC now owns 1,012 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 704 shares during the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Brian N. Carter sold 9,979 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $40.23, for a total value of $401,455.17. Following the transaction, the senior vice president owned 46,496 shares of the company’s stock, valued at $1,870,534.08. This trade represents a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TTEK has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $48.00 price objective (up from $47.00) on shares of Tetra Tech in a research report on Friday, November 14th. Robert W. Baird set a $43.00 target price on shares of Tetra Tech in a research note on Thursday, January 29th. Northcoast Research raised shares of Tetra Tech from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, November 13th. Wall Street Zen raised shares of Tetra Tech from a “hold” rating to a “buy” rating in a report on Sunday, November 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.60.

Tetra Tech Stock Performance

TTEK opened at $41.29 on Monday. The company’s 50 day moving average is $35.70 and its 200 day moving average is $35.21. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 31.05 and a beta of 0.91. Tetra Tech, Inc. has a 12-month low of $27.27 and a 12-month high of $41.81.

Tetra Tech (NASDAQ:TTEK) last released its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $974.28 million. During the same period last year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was down 13.4% on a year-over-year basis. Tetra Tech has set its Q2 2026 guidance at 0.300-0.330 EPS and its FY 2026 guidance at 1.460-1.560 EPS. On average, equities research analysts predict that Tetra Tech, Inc. will post 1.37 EPS for the current year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 12th will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, February 12th. Tetra Tech’s payout ratio is currently 19.55%.

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.