Integrated Quantitative Investments LLC Sells 24,800 Shares of Thermon Group Holdings, Inc. $THR

Integrated Quantitative Investments LLC lessened its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 67.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,100 shares of the technology company’s stock after selling 24,800 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in Thermon Group were worth $323,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of THR. Royal Bank of Canada boosted its position in shares of Thermon Group by 0.4% during the 1st quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock valued at $7,209,000 after acquiring an additional 1,082 shares during the last quarter. AQR Capital Management LLC raised its stake in Thermon Group by 66.9% during the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock valued at $1,124,000 after purchasing an additional 16,177 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Thermon Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock valued at $552,000 after purchasing an additional 845 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Thermon Group by 24.9% in the 1st quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock worth $1,090,000 after buying an additional 7,798 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Thermon Group in the 2nd quarter worth about $218,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Zacks Research upgraded shares of Thermon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Roth Mkm cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Wall Street Zen lowered Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Craig Hallum cut Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, William Blair downgraded Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Thermon Group Stock Down 2.6%

Shares of NYSE THR opened at $46.72 on Friday. Thermon Group Holdings, Inc. has a 1 year low of $23.05 and a 1 year high of $58.56. The firm has a 50-day simple moving average of $45.03 and a two-hundred day simple moving average of $35.51. The company has a market cap of $1.53 billion, a P/E ratio of 26.55 and a beta of 0.71. 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 released its 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. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The firm had revenue of $147.31 million for the quarter, compared to analysts’ expectations of $138.35 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. Research analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 earnings per share 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.