Intech Investment Management LLC Sells 6,054 Shares of Thermon Group Holdings, Inc. $THR

Intech Investment Management LLC reduced its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 30.2% in the second quarter, HoldingsChannel.com reports. The fund owned 14,019 shares of the technology company’s stock after selling 6,054 shares during the quarter. Intech Investment Management LLC’s holdings in Thermon Group were worth $394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its position in shares of Thermon Group by 68.9% during the 1st quarter. CWM LLC now owns 922 shares of the technology company’s stock valued at $26,000 after purchasing an additional 376 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Thermon Group in the first quarter valued at approximately $771,000. Commerce Bank lifted its stake in Thermon Group by 8.1% in the first quarter. Commerce Bank now owns 10,105 shares of the technology company’s stock valued at $281,000 after buying an additional 755 shares during the period. Invesco Ltd. boosted its holdings in shares of Thermon Group by 420.1% during the 1st quarter. Invesco Ltd. now owns 269,095 shares of the technology company’s stock worth $7,494,000 after buying an additional 217,352 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Thermon Group during the 1st quarter worth approximately $2,577,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on THR shares. Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Thermon Group in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Thermon Group currently has a consensus rating of “Buy”.

Thermon Group Stock Performance

NYSE THR opened at $35.10 on Friday. The company has a market cap of $1.15 billion, a P/E ratio of 22.22 and a beta of 1.06. The company has a fifty day simple moving average of $29.70 and a 200 day simple moving average of $28.06. The company has a current ratio of 2.43, a quick ratio of 1.49 and a debt-to-equity ratio of 0.23. Thermon Group Holdings, Inc. has a 12-month low of $23.05 and a 12-month high of $36.14.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.19. The firm had revenue of $131.72 million for the quarter, compared to analyst estimates of $119.43 million. Thermon Group had a net margin of 10.89% and a return on equity of 12.65%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. Sell-side analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

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.