Tetra Tech, Inc. $TTEK Stake Increased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in Tetra Tech, Inc. (NASDAQ:TTEK) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 583,252 shares of the industrial products company’s stock after acquiring an additional 20,951 shares during the period. Principal Financial Group Inc.’s holdings in Tetra Tech were worth $17,568,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Impax Asset Management Group plc acquired a new position in Tetra Tech in the fourth quarter worth about $107,603,000. Tudor Investment Corp ET AL raised its stake in Tetra Tech by 585.1% during the third quarter. Tudor Investment Corp ET AL now owns 64,401 shares of the industrial products company’s stock valued at $2,150,000 after buying an additional 55,001 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Tetra Tech by 69.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 216,917 shares of the industrial products company’s stock valued at $7,275,000 after buying an additional 88,745 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Tetra Tech by 8.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 992,633 shares of the industrial products company’s stock worth $33,293,000 after buying an additional 74,530 shares during the last quarter. Finally, Systematic Financial Management LP lifted its holdings in Tetra Tech by 56.5% during the 4th quarter. Systematic Financial Management LP now owns 286,772 shares of the industrial products company’s stock worth $9,618,000 after buying an additional 103,582 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors.

Insider Activity

In other Tetra Tech news, Director Jeffrey R. Feeler acquired 1,900 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $26.41 per share, with a total value of $50,179.00. Following the acquisition, the director directly owned 1,900 shares of the company’s stock, valued at $50,179. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

TTEK has been the subject of a number of research analyst reports. Robert W. Baird set a $35.00 price target on Tetra Tech in a report on Thursday, April 30th. Royal Bank Of Canada decreased their price objective on shares of Tetra Tech from $48.00 to $43.00 and set an “outperform” rating for the company in a report on Wednesday. Weiss Ratings lowered shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. National Bank Financial dropped their target price on shares of Tetra Tech from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Finally, Wall Street Zen lowered shares of Tetra Tech from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.80.

Tetra Tech Stock Up 1.5%

Tetra Tech stock opened at $30.98 on Thursday. The company has a 50-day simple moving average of $28.76 and a 200-day simple moving average of $32.16. The firm has a market capitalization of $8.04 billion, a P/E ratio of 18.55 and a beta of 0.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.25 and a current ratio of 1.25. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14.

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

Tetra Tech Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were issued a dividend of $0.072 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, May 14th. Tetra Tech’s dividend payout ratio is presently 17.37%.

Tetra Tech 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.