Short Interest in Thermon Group Holdings, Inc. (NYSE:THR) Rises By 30.5%

Thermon Group Holdings, Inc. (NYSE:THR) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 834,302 shares, a growth of 30.5% from the February 26th total of 639,173 shares. Based on an average daily volume of 697,561 shares, the short-interest ratio is currently 1.2 days. Approximately 2.6% of the shares of the company are sold short.

Wall Street Analyst Weigh In

THR has been the subject of a number of recent research reports. CJS Securities downgraded Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. Wall Street Zen downgraded shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Roth Mkm downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Craig Hallum cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $57.00.

Hedge Funds Weigh In On Thermon Group

Several institutional investors have recently bought and sold shares of THR. GW&K Investment Management LLC lifted its stake in Thermon Group by 13.8% in the 4th quarter. GW&K Investment Management LLC now owns 1,627,257 shares of the technology company’s stock worth $60,469,000 after purchasing an additional 197,715 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Thermon Group by 15,981.5% in the second quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock worth $36,991,000 after purchasing an additional 1,309,045 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Thermon Group by 13.7% in the second quarter. Brown Advisory Inc. now owns 1,107,088 shares of the technology company’s stock worth $31,087,000 after purchasing an additional 133,145 shares during the last quarter. Medina Value Partners LLC lifted its position in shares of Thermon Group by 5.7% in the fourth quarter. Medina Value Partners LLC now owns 1,043,526 shares of the technology company’s stock worth $38,777,000 after buying an additional 56,361 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Thermon Group by 0.3% in the second quarter. Geode Capital Management LLC now owns 791,132 shares of the technology company’s stock worth $22,218,000 after buying an additional 2,078 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Price Performance

THR traded up $1.38 on Tuesday, hitting $50.37. 329,180 shares of the company’s stock traded hands, compared to its average volume of 540,446. The company’s 50 day simple moving average is $48.20 and its 200-day simple moving average is $38.33. The company has a current ratio of 2.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.25. Thermon Group has a one year low of $23.05 and a one year high of $58.56. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 28.62 and a beta of 0.70.

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