TD Asset Management Inc Reduces Holdings in Thermon Group Holdings, Inc. $THR

TD Asset Management Inc trimmed its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 40.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,160 shares of the technology company’s stock after selling 19,648 shares during the quarter. TD Asset Management Inc owned 0.09% of Thermon Group worth $819,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Riverpoint Wealth Management Holdings LLC lifted its position in shares of Thermon Group by 1.7% during the second quarter. Riverpoint Wealth Management Holdings LLC now owns 49,530 shares of the technology company’s stock worth $1,391,000 after purchasing an additional 843 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Thermon Group in the second quarter valued at about $363,000. Wedge Capital Management L L P NC raised its holdings in shares of Thermon Group by 18.6% in the second quarter. Wedge Capital Management L L P NC now owns 58,554 shares of the technology company’s stock valued at $1,644,000 after acquiring an additional 9,201 shares in the last quarter. Swedbank AB raised its holdings in shares of Thermon Group by 5.2% in 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. Finally, Voya Investment Management LLC raised its holdings in shares of Thermon Group by 21.9% in the first quarter. Voya Investment Management LLC now owns 22,876 shares of the technology company’s stock valued at $637,000 after acquiring an additional 4,113 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Price Performance

Shares of THR stock opened at $27.14 on Thursday. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $33.25. The firm has a market capitalization of $897.35 million, a price-to-earnings ratio of 17.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.49 and a current ratio of 2.43. The stock’s 50-day simple moving average is $26.33 and its 200-day simple moving average is $26.90.

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

Wall Street Analyst Weigh In

THR has been the topic of several analyst reports. Wall Street Zen lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Thermon Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, 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.