Progeny 3 Inc. Grows Stock Position in TIC Solutions, Inc $TIC

Progeny 3 Inc. grew its stake in TIC Solutions, Inc (NYSE:TIC) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,323,105 shares of the company’s stock after buying an additional 92,015 shares during the period. TIC Solutions accounts for about 5.4% of Progeny 3 Inc.’s holdings, making the stock its 4th biggest holding. Progeny 3 Inc. owned 6.93% of TIC Solutions worth $100,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TIC. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in TIC Solutions by 10.1% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,688 shares of the company’s stock valued at $83,000 after acquiring an additional 1,165 shares during the last quarter. HB Wealth Management LLC increased its position in shares of TIC Solutions by 22.9% during the first quarter. HB Wealth Management LLC now owns 18,521 shares of the company’s stock worth $122,000 after buying an additional 3,445 shares during the period. National Bank of Canada FI acquired a new stake in shares of TIC Solutions during the third quarter worth $53,000. Tower Research Capital LLC TRC bought a new position in TIC Solutions during the second quarter worth $82,000. Finally, Dauntless Investment Group LLC bought a new position in TIC Solutions during the third quarter worth $110,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TIC. Weiss Ratings reiterated a “sell (d-)” rating on shares of TIC Solutions in a report on Tuesday, June 9th. JPMorgan Chase & Co. boosted their price objective on TIC Solutions from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. UBS Group raised their target price on TIC Solutions from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Robert W. Baird set a $11.00 target price on TIC Solutions in a report on Thursday, May 7th. Finally, Roth Capital reissued a “buy” rating and issued a $11.50 price target on shares of TIC Solutions in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.50.

TIC Solutions Trading Down 0.3%

TIC opened at $7.11 on Monday. TIC Solutions, Inc has a 1-year low of $6.36 and a 1-year high of $14.94. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.74. The company has a market cap of $1.57 billion, a P/E ratio of -13.67 and a beta of 2.81. The company has a fifty day moving average price of $8.02 and a two-hundred day moving average price of $8.71.

TIC Solutions Company Profile

Acuren Group Inc (NYSEAMERICAN:TIC) is a leading provider of non?destructive testing (NDT), inspection, engineering and consulting services to the energy, petrochemical, manufacturing and infrastructure sectors. The company employs a range of advanced testing techniques—such as ultrasonic, radiographic, magnetic particle, liquid penetrant, eddy current and acoustic emission—to evaluate the integrity of pressure vessels, pipelines, storage tanks and other critical assets. By combining field inspections with laboratory analysis, Acuren helps clients identify defects, prevent equipment failures and meet regulatory requirements.

In addition to core NDT capabilities, Acuren offers specialty engineering and consulting services including fitness?for?service assessments, corrosion under insulation surveys, mechanical integrity programs, failure analysis and field machining.