Vanguard Group Inc. Has $84.67 Million Position in Thermon Group Holdings, Inc. $THR

Vanguard Group Inc. cut its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,168,931 shares of the technology company’s stock after selling 53,032 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Thermon Group worth $84,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in shares of Thermon Group by 57.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,995 shares of the technology company’s stock worth $160,000 after buying an additional 2,192 shares during the period. Assetmark Inc. lifted its holdings in shares of Thermon Group by 68.1% in the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock worth $41,000 after purchasing an additional 620 shares in the last quarter. Riverpoint Wealth Management Holdings LLC increased its stake in Thermon Group by 1.7% during the 3rd quarter. Riverpoint Wealth Management Holdings LLC now owns 50,360 shares of the technology company’s stock valued at $1,346,000 after purchasing an additional 830 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Thermon Group by 26.4% during the third quarter. Principal Financial Group Inc. now owns 24,478 shares of the technology company’s stock worth $654,000 after buying an additional 5,118 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Thermon Group by 18.5% in the third quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock valued at $70,000 after buying an additional 409 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on THR. Zacks Research upgraded shares of Thermon Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Craig Hallum downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Wall Street Zen lowered Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. William Blair downgraded Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Thermon Group Price Performance

Shares of NYSE THR opened at $46.72 on Friday. The company has a quick ratio of 1.84, a current ratio of 2.90 and a debt-to-equity ratio of 0.25. The stock’s 50-day simple moving average is $45.03 and its two-hundred day simple moving average is $35.51. The firm has a market capitalization of $1.53 billion, a P/E ratio of 26.55 and a beta of 0.71. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $58.56.

Thermon Group (NYSE:THR) last announced its earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.07. The business had revenue of $147.31 million during the quarter, compared to analyst estimates of $138.35 million. Thermon Group had a net margin of 11.26% and a return on equity of 13.82%. Thermon Group’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 earnings per share. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, equities analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

About Thermon Group

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.