Blair William & Co. IL Reduces Stake in Thermon Group Holdings, Inc. $THR

Blair William & Co. IL cut its position in Thermon Group Holdings, Inc. (NYSE:THR) by 46.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,637 shares of the technology company’s stock after selling 92,287 shares during the quarter. Blair William & Co. IL owned about 0.32% of Thermon Group worth $2,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its holdings in shares of Thermon Group by 68.9% in the 1st quarter. CWM LLC now owns 922 shares of the technology company’s stock worth $26,000 after buying an additional 376 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Thermon Group by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 109,898 shares of the technology company’s stock worth $3,061,000 after buying an additional 631 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Thermon Group by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 17,990 shares of the technology company’s stock worth $501,000 after buying an additional 639 shares during the last quarter. Commerce Bank increased its holdings in shares of Thermon Group by 8.1% in the 1st quarter. Commerce Bank now owns 10,105 shares of the technology company’s stock worth $281,000 after buying an additional 755 shares during the last quarter. Finally, Riverpoint Wealth Management Holdings LLC increased its holdings in shares of Thermon Group by 1.7% in the 1st quarter. Riverpoint Wealth Management Holdings LLC now owns 48,687 shares of the technology company’s stock worth $1,356,000 after buying an additional 825 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Trading Up 3.1%

Shares of THR opened at $25.71 on Tuesday. The stock has a market capitalization of $849.97 million, a P/E ratio of 16.27 and a beta of 1.09. The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $26.20 and a two-hundred day simple moving average of $26.91. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $33.25.

Thermon Group (NYSE:THR) last posted its earnings results on Thursday, August 7th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $108.90 million during the quarter, compared to analysts’ expectations of $122.53 million. Thermon Group had a return on equity of 12.65% and a net margin of 10.89%.The company’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. On average, research analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on THR shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Thermon Group in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Thermon Group currently has a consensus rating of “Hold”.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.