Legato Capital Management LLC Makes New $467,000 Investment in Thermon Group Holdings, Inc. $THR

Posted by Geri Gentry on May 28th, 2026

Legato Capital Management LLC bought a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,558 shares of the technology company’s stock, valued at approximately $467,000.

A number of other institutional investors have also recently bought and sold shares of THR. Canada Pension Plan Investment Board acquired a new stake in Thermon Group during the 2nd quarter worth $31,000. Assetmark Inc. grew its holdings in Thermon Group by 68.1% during the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock worth $41,000 after acquiring an additional 620 shares during the period. Danske Bank A S acquired a new stake in Thermon Group during the 3rd quarter worth $45,000. Federated Hermes Inc. grew its holdings in Thermon Group by 18.5% during the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock worth $70,000 after acquiring an additional 409 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in Thermon Group during the 3rd quarter worth $83,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

THR has been the subject of several research analyst reports. William Blair lowered shares of Thermon Group from an “outperform” rating to a “hold” rating in a report on Wednesday, February 25th. Zacks Research lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Weiss Ratings lowered shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday. Wall Street Zen lowered shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Finally, Craig Hallum lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $57.00.

Check Out Our Latest Report on THR

Thermon Group Price Performance

Shares of THR stock opened at $69.23 on Thursday. Thermon Group Holdings, Inc. has a 12-month low of $23.86 and a 12-month high of $71.87. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 51.67 and a beta of 0.83. The company has a quick ratio of 1.76, a current ratio of 2.69 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average of $57.40 and a 200-day moving average of $47.37.

Thermon Group (NYSE:THR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $148.33 million during 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 13.42%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, equities research analysts forecast that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current year.

Thermon Group 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.