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

Heartland Advisors Inc. raised its position in Thermon Group Holdings, Inc. (NYSE:THR) by 10.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 256,044 shares of the technology company’s stock after acquiring an additional 24,732 shares during the period. Heartland Advisors Inc. owned about 0.77% of Thermon Group worth $6,841,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wedge Capital Management L L P NC boosted its position in shares of Thermon Group by 182.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 165,479 shares of the technology company’s stock valued at $4,422,000 after acquiring an additional 106,925 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Thermon Group by 103.1% during the third quarter. Assenagon Asset Management S.A. now owns 255,694 shares of the technology company’s stock valued at $6,832,000 after purchasing an additional 129,791 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Thermon Group by 298.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 283,889 shares of the technology company’s stock valued at $7,972,000 after purchasing an additional 212,578 shares during the period. Westwood Holdings Group Inc. raised its holdings 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 buying an additional 1,309,045 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of Thermon Group by 16.1% during the 3rd quarter. Swedbank AB now owns 758,000 shares of the technology company’s stock worth $20,254,000 after buying an additional 105,000 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Stock Up 1.2%

Shares of NYSE THR opened at $51.71 on Tuesday. The firm has a 50 day moving average price of $42.12 and a 200 day moving average price of $33.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90. The stock has a market cap of $1.70 billion, a P/E ratio of 29.38 and a beta of 0.78. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $53.52.

Thermon Group (NYSE:THR) last announced its quarterly 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 company 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%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. Analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Roth Mkm lifted their price objective on Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Zacks Research upgraded Thermon Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Craig Hallum began coverage on shares of Thermon Group in a research note on Monday, February 2nd. They set a “buy” rating and a $60.00 price target for the company. Finally, Wall Street Zen lowered shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a report 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $57.00.

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.