Short Interest in Thermon Group Holdings, Inc. (NYSE:THR) Decreases By 12.5%

Thermon Group Holdings, Inc. (NYSE:THR) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 507,972 shares, a decline of 12.5% from the January 15th total of 580,773 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 289,622 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 289,622 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.6% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on THR shares. Roth Mkm upped their target price on Thermon Group from $38.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Zacks Research raised Thermon Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. Craig Hallum assumed coverage on shares of Thermon Group in a report on Monday, February 2nd. They set a “buy” rating and a $60.00 target price on the stock. Finally, Wall Street Zen lowered shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat.com, Thermon Group has a consensus rating of “Buy” and a consensus target price of $57.00.

Institutional Trading of Thermon Group

A number of large investors have recently made changes to their positions in the stock. Westwood Holdings Group Inc. increased 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 worth $36,991,000 after purchasing an additional 1,309,045 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Thermon Group by 133.4% in the third quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock worth $38,198,000 after buying an additional 817,138 shares during the period. Clifford Capital Partners LLC lifted its position in shares of Thermon Group by 2,551.8% during the 4th quarter. Clifford Capital Partners LLC now owns 430,230 shares of the technology company’s stock valued at $15,987,000 after buying an additional 414,006 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Thermon Group by 960.3% during the 4th quarter. Janus Henderson Group PLC now owns 250,813 shares of the technology company’s stock valued at $9,320,000 after acquiring an additional 227,157 shares during the period. Finally, UBS Group AG increased its holdings in Thermon Group by 287.4% in the 3rd quarter. UBS Group AG now owns 288,370 shares of the technology company’s stock worth $7,705,000 after acquiring an additional 213,935 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Stock Performance

Shares of Thermon Group stock opened at $50.49 on Thursday. Thermon Group has a 1 year low of $23.05 and a 1 year high of $53.52. The firm’s 50-day moving average is $42.57 and its 200 day moving average is $33.74. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 28.69 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.90 and a quick ratio of 1.84.

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

Thermon Group Company 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.