Rice Hall James & Associates LLC Cuts Stake in Thermon Group Holdings, Inc. $THR

Posted by on Jun 17th, 2026

Rice Hall James & Associates LLC cut its position in Thermon Group Holdings, Inc. (NYSE:THR – Free Report) by 17.1% during the fourth quarter, HoldingsChannel reports. The firm owned 57,048 shares of the technology company’s stock after selling 11,803 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Thermon Group were worth $2,120,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new stake in shares of Thermon Group in the 2nd quarter valued at approximately $31,000. Assetmark Inc. increased its position in shares of Thermon Group by 68.1% in the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after purchasing an additional 620 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Thermon Group in the 3rd quarter valued at approximately $45,000. NewEdge Advisors LLC purchased a new stake in shares of Thermon Group in the 3rd quarter valued at approximately $83,000. Finally, Nkcfo LLC purchased a new stake in shares of Thermon Group in the 4th quarter valued at approximately $85,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Stock Performance

NYSE THR opened at $61.14 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.69 and a quick ratio of 1.76. The firm’s fifty day moving average price is $60.58 and its 200 day moving average price is $50.04. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 45.63 and a beta of 0.83. Thermon Group Holdings, Inc. has a 12 month low of $23.86 and a 12 month high of $71.87.

Thermon Group (NYSE:THR – Get Free Report) last posted its earnings results on Tuesday, May 19th. The technology company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The company had revenue of $148.33 million during the quarter, compared to analysts’ expectations of $137.85 million. Thermon Group had a net margin of 8.31% and a return on equity of 13.42%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $0.56 earnings per share. On average, sell-side analysts expect that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. CJS Securities downgraded shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 25th. Weiss Ratings downgraded shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Roth Mkm downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Wall Street Zen raised shares of Thermon Group to a “hold” rating in a research report on Saturday, May 30th. Finally, Zacks Research downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, Thermon Group presently has a consensus rating of “Hold” and a consensus target price of $57.00.

Get Our Latest Stock Analysis on THR

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.

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Institutional Ownership by Quarter for Thermon Group (NYSE:THR)

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