Principal Financial Group Inc. Sells 14,861 Shares of Tetra Tech, Inc. $TTEK

Principal Financial Group Inc. cut its position in Tetra Tech, Inc. (NASDAQ:TTEK) by 2.5% in the third quarter, HoldingsChannel.com reports. The firm owned 583,492 shares of the industrial products company’s stock after selling 14,861 shares during the quarter. Principal Financial Group Inc.’s holdings in Tetra Tech were worth $19,477,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sands Capital Management LLC increased its stake in Tetra Tech by 26.5% in the 2nd quarter. Sands Capital Management LLC now owns 5,200,335 shares of the industrial products company’s stock worth $187,004,000 after buying an additional 1,089,599 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of 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 worth $147,095,000 after acquiring an additional 1,847,087 shares during the period. Norges Bank purchased a new stake in shares of Tetra Tech during the second quarter worth about $104,843,000. Ninety One UK Ltd raised its stake in Tetra Tech by 2.8% during the 3rd quarter. Ninety One UK Ltd now owns 2,870,244 shares of the industrial products company’s stock valued at $95,809,000 after purchasing an additional 78,332 shares during the period. Finally, M&G PLC lifted its holdings in Tetra Tech by 150.1% in the 2nd quarter. M&G PLC now owns 2,416,512 shares of the industrial products company’s stock worth $86,994,000 after purchasing an additional 1,450,420 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TTEK shares. Robert W. Baird set a $43.00 price objective on shares of Tetra Tech in a research report on Thursday, January 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $48.00 target price (up from $47.00) on shares of Tetra Tech in a research note on Friday, November 14th. Wall Street Zen upgraded shares of Tetra Tech from a “hold” rating to a “buy” rating in a research note on Sunday, November 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Tetra Tech in a research report on Wednesday, January 21st. Finally, 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. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.60.

Insider Transactions at Tetra Tech

In other Tetra Tech news, SVP Brian N. Carter sold 9,979 shares of Tetra Tech stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $40.23, for a total transaction of $401,455.17. Following the completion of the transaction, the senior vice president directly owned 46,496 shares of the company’s stock, valued at $1,870,534.08. The trade was 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 corporate insiders.

Tetra Tech Stock Performance

Shares of NASDAQ:TTEK opened at $41.29 on Monday. The firm has a fifty day simple moving average of $35.70 and a two-hundred day simple moving average of $35.21. Tetra Tech, Inc. has a 52 week low of $27.27 and a 52 week high of $41.81. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $10.77 billion, a P/E ratio of 31.05 and a beta of 0.91.

Tetra Tech (NASDAQ:TTEK) last announced its quarterly earnings results on Wednesday, January 28th. The industrial products company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Tetra Tech had a net margin of 6.73% and a return on equity of 23.84%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $974.28 million. During the same quarter last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. 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, analysts expect that Tetra Tech, Inc. will post 1.37 earnings per share for the current fiscal year.

Tetra Tech Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors 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 is Thursday, February 12th. Tetra Tech’s dividend payout ratio is presently 19.55%.

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.