Heartland Advisors Inc. Has $6.84 Million Holdings in Thermon Group Holdings, Inc. $THR

Heartland Advisors Inc. grew its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 10.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 256,044 shares of the technology company’s stock after purchasing an additional 24,732 shares during the period. Heartland Advisors Inc.’s holdings in Thermon Group were worth $6,841,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in shares of Thermon Group in the 2nd quarter valued at approximately $31,000. Assetmark Inc. increased its stake in shares of Thermon Group by 68.1% during 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 during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Thermon Group in the 3rd quarter valued at about $48,000. Federated Hermes Inc. lifted its stake in Thermon Group by 18.5% in the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock valued at $70,000 after purchasing an additional 409 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in Thermon Group during the third quarter worth about $80,000. 99.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on THR shares. Wall Street Zen cut Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research raised shares of Thermon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Roth Mkm raised their price objective on shares of Thermon Group from $38.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Craig Hallum started coverage on Thermon Group in a research report on Monday, February 2nd. They issued a “buy” rating and a $60.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $57.00.

Thermon Group Stock Performance

Shares of Thermon Group stock opened at $51.71 on Tuesday. Thermon Group Holdings, Inc. has a 1-year low of $23.05 and a 1-year high of $53.52. The company has a current ratio of 2.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.25. The company has a market cap of $1.70 billion, a PE ratio of 29.38 and a beta of 0.78. The company has a 50 day moving average of $42.12 and a 200-day moving average of $33.45.

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

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.