AlphaQuest LLC Increases Position in Thermon Group Holdings, Inc. $THR

AlphaQuest LLC grew its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 8,244.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,632 shares of the technology company’s stock after acquiring an additional 37,181 shares during the period. AlphaQuest LLC’s holdings in Thermon Group were worth $1,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Swedbank AB raised its stake in shares of Thermon Group by 5.2% during the second quarter. Swedbank AB now owns 653,000 shares of the technology company’s stock valued at $18,336,000 after acquiring an additional 32,000 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Thermon Group by 1.6% during the first quarter. GW&K Investment Management LLC now owns 592,262 shares of the technology company’s stock valued at $16,494,000 after acquiring an additional 9,292 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Thermon Group by 4.3% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 462,184 shares of the technology company’s stock valued at $12,872,000 after acquiring an additional 19,130 shares in the last quarter. Invesco Ltd. raised its stake in shares of Thermon Group by 420.1% during the first quarter. Invesco Ltd. now owns 269,095 shares of the technology company’s stock valued at $7,494,000 after acquiring an additional 217,352 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Thermon Group by 0.4% during the first 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 in the last quarter. Institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

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

Thermon Group Stock Performance

Shares of NYSE:THR opened at $28.09 on Friday. The company has a market capitalization of $928.49 million, a price-to-earnings ratio of 17.78 and a beta of 1.09. Thermon Group Holdings, Inc. has a 52 week low of $23.05 and a 52 week high of $33.25. 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 50 day moving average of $26.43 and a 200 day moving average of $26.98.

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

Thermon Group 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.