Swedbank AB Acquires 105,000 Shares of Thermon Group Holdings, Inc. $THR

Swedbank AB increased its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 16.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 758,000 shares of the technology company’s stock after purchasing an additional 105,000 shares during the period. Swedbank AB owned approximately 2.29% of Thermon Group worth $20,254,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. grew its stake in shares of Thermon Group by 15,981.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock valued at $36,991,000 after purchasing an additional 1,309,045 shares during the period. Brown Advisory Inc. boosted its stake in Thermon Group by 13.7% in the 2nd quarter. Brown Advisory Inc. now owns 1,107,088 shares of the technology company’s stock valued at $31,087,000 after buying an additional 133,145 shares in the last quarter. Geode Capital Management LLC grew its position in Thermon Group by 0.3% in the second quarter. Geode Capital Management LLC now owns 791,132 shares of the technology company’s stock valued at $22,218,000 after acquiring an additional 2,078 shares during the period. Kennedy Capital Management LLC raised its stake in Thermon Group by 4.3% during the second quarter. Kennedy Capital Management LLC now owns 318,531 shares of the technology company’s stock worth $8,944,000 after acquiring an additional 13,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Thermon Group by 298.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 283,889 shares of the technology company’s stock valued at $7,972,000 after acquiring an additional 212,578 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Thermon Group Stock Down 0.9%

Shares of THR opened at $37.77 on Friday. The business’s fifty day moving average price is $34.31 and its two-hundred day moving average price is $29.51. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 21.58 and a beta of 0.81. Thermon Group Holdings, Inc. has a 52 week low of $23.05 and a 52 week high of $41.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.74 and a current ratio of 2.82.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a report on Monday. Wall Street Zen raised shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Thermon Group Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.