Diamond Hill Capital Management Inc. Raises Stock Holdings in Thermon Group Holdings, Inc. $THR

Posted by Stanley Muller on May 23rd, 2026

Diamond Hill Capital Management Inc. raised its stake in Thermon Group Holdings, Inc. (NYSE:THR – Free Report) by 24.4% during the fourth quarter, HoldingsChannel reports. The fund owned 120,015 shares of the technology company’s stock after buying an additional 23,560 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Thermon Group were worth $4,460,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of THR. Royal Bank of Canada grew its stake in shares of Thermon Group by 0.4% in the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock worth $7,209,000 after acquiring an additional 1,082 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Thermon Group by 66.9% in the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock worth $1,124,000 after acquiring an additional 16,177 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Thermon Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock worth $552,000 after acquiring 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 first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock worth $1,090,000 after acquiring an additional 7,798 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Thermon Group by 4.9% in the second quarter. JPMorgan Chase & Co. now owns 264,080 shares of the technology company’s stock worth $7,415,000 after acquiring an additional 12,428 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Craig Hallum cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Zacks Research cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. CJS Securities cut Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. Roth Mkm cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, William Blair cut Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $57.00.

Get Our Latest Research Report on THR

Thermon Group Trading Up 1.1%

Shares of NYSE:THR opened at $65.77 on Friday. The company has a market cap of $2.16 billion, a P/E ratio of 49.08 and a beta of 0.83. 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 Holdings, Inc. has a 1 year low of $23.86 and a 1 year high of $71.24. The stock’s fifty day moving average price is $56.09 and its 200-day moving average price is $46.43.

Thermon Group (NYSE:THR – Get Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $148.33 million for the quarter, compared to the consensus estimate of $137.85 million. Thermon Group had a net margin of 8.31% and a return on equity of 13.53%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. Sell-side analysts expect that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current year.

Thermon Group Company Profile

(Free Report)

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.