Harvey Partners LLC Sells 63,269 Shares of Thermon Group Holdings, Inc. $THR

Harvey Partners LLC decreased its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 9.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 639,731 shares of the technology company’s stock after selling 63,269 shares during the period. Thermon Group makes up about 1.8% of Harvey Partners LLC’s investment portfolio, making the stock its 24th largest position. Harvey Partners LLC owned 1.94% of Thermon Group worth $17,964,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Brown Advisory Inc. lifted its holdings in shares of Thermon Group by 13.7% in the 2nd quarter. Brown Advisory Inc. now owns 1,107,088 shares of the technology company’s stock worth $31,087,000 after buying an additional 133,145 shares during the period. Geode Capital Management LLC boosted its stake in shares of Thermon Group by 0.3% during the second quarter. Geode Capital Management LLC now owns 791,132 shares of the technology company’s stock valued at $22,218,000 after purchasing an additional 2,078 shares in the last quarter. Swedbank AB increased its holdings in Thermon Group by 5.2% during the second quarter. Swedbank AB now owns 653,000 shares of the technology company’s stock valued at $18,336,000 after buying an additional 32,000 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in Thermon Group by 4.3% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 462,184 shares of the technology company’s stock worth $12,872,000 after buying an additional 19,130 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its stake in shares of Thermon Group by 4.3% during the 2nd quarter. Kennedy Capital Management LLC now owns 318,531 shares of the technology company’s stock worth $8,944,000 after purchasing an additional 13,000 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

THR has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday. Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Thermon Group Stock Down 1.7%

Shares of THR opened at $40.21 on Friday. Thermon Group Holdings, Inc. has a 12 month low of $23.05 and a 12 month high of $41.20. The firm has a market cap of $1.32 billion, a P/E ratio of 22.97 and a beta of 0.81. The company has a current ratio of 2.82, a quick ratio of 1.74 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average is $31.93 and its two-hundred day moving average is $28.71.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.19. Thermon Group had a net margin of 11.60% and a return on equity of 13.58%. The firm had revenue of $131.72 million for the quarter, compared to analyst estimates of $119.43 million. During the same period last year, the company posted $0.38 EPS. Thermon Group’s quarterly revenue was up 14.9% compared to the same quarter last year. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. Analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.