TIC Stock Down 27% in a Year — So Why Did One Major Investor Add $37 Million to Its Stake?

2 days ago 6

Jonathan Ponciano, The Motley Fool

Thu, December 4, 2025 astatine 11:07 AM CST 5 min read

Seattle-based wealthiness advisory Progeny 3 added 255,800 shares of TIC successful the 3rd quarter, contributing to a full presumption worth summation of astir $37.1 million.
Following the purchase, Progeny reported holding 15.3 cardinal TIC shares valued astatine $203.1 million.
TIC present accounts for 10.5% of money AUM, making it Progeny 3’s second-largest holding.
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Seattle-based wealthiness advisory Progeny 3 accrued its involvement successful TIC Solutions (NYSE:TIC) by 255,800 shares, contributing to a full presumption worth summation of astir $37.1 million, according to its November 14 SEC filing.

According to a filing with the U.S. Securities and Exchange Commission dated November 14, Progeny 3 accrued its presumption successful TIC Solutions (NYSE:TIC) by 255,800 shares during the 3rd quarter. The fund’s involvement roseate to 15.3 cardinal shares worthy $203.1 cardinal astatine quarter-end, making it the fund's second-largest holding.

Top holdings aft the filing:

NYSE:CCJ: $204.8 cardinal (10.6% of AUM)
NYSE:TIC: $203.1 cardinal (10.5% of AUM)
NASDAQ:IBKR: $146.3 cardinal (7.6% of AUM)
NYSE:APG: $121.7 cardinal (6.3% of AUM)
NASDAQ:SSNC: $99.9 cardinal (5.2% of AUM)

As of Thursday, TIC Solutions shares were priced astatine $9.42, down 27.5% implicit the past twelvemonth and good underperforming the S&P 500, which is up 12.5% successful the aforesaid period.

Metric

Value

Price (as of Thursday)	$9.42
Market Capitalization	$2.1 billion

TIC provides nondestructive testing, inspection, engineering, and laboratory investigating services crossed the United States and Canada.
The institution provides specialized nondestructive testing, inspection, engineering, and laboratory investigating services chiefly for concern clients.
It provides nondestructive testing, inspection, engineering, and laboratory investigating services to clients successful the United States and Canada.

TIC Solutions, formerly known arsenic Acuren, operates astatine standard wrong the specialty concern services segment, maintaining a workforce of thousands of employees and a important beingness successful the North American market. The company’s strategy is centered connected delivering high-value, compliance-driven investigating and engineering services, which are captious to its clients’ operational information and regulatory adherence. Its competitory vantage lies successful method capabilities, manufacture experience, and a beardown estimation for reliability successful nondestructive investigating and inspection.

Despite a muted banal show implicit the past 2 years, Progeny 3’s renewed committedness to TIC Solutions signals assurance successful a concern undergoing a large strategical transformation. For semipermanent investors, the timing matters: TIC is successful the mediate of a sweeping rebrand and integration effort pursuing the Acuren-NV5 combination, with absorption highlighting accelerating synergies and a overmuch larger level poised for compliance-driven growth. TIC present accounts for 10.5% of the fund’s U.S. equity book—just down Cameco—which places it firmly among Progeny 3’s highest-conviction holdings.

Operationally, TIC Solutions is scaling rapidly. Its 2025 outlook calls for $1.53 cardinal to $1.565 cardinal successful full-year work gross and $240 cardinal to $250 cardinal successful adjusted EBITDA, reflecting a concern benefiting from recurring, compliance-mandated request successful energy, utilities, infrastructure, and high-growth adjacencies similar information centers.

Shares stay down 27.5% twelvemonth implicit year, though, suggesting the marketplace has yet to afloat admit the standard and durability of the combined platform. For semipermanent investors, Progeny 3’s determination underscores the imaginable upside if synergy seizure and borderline enlargement materialize arsenic absorption projects.