Rice Hall James & Associates LLC Sells 33,038 Shares of Thermon Group Holdings, Inc. $THR

Rice Hall James & Associates LLC cut its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 32.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,851 shares of the technology company’s stock after selling 33,038 shares during the period. Rice Hall James & Associates LLC owned approximately 0.21% of Thermon Group worth $1,840,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new stake in shares of Thermon Group during the first quarter valued at $315,000. Wedge Capital Management L L P NC increased its stake in Thermon Group by 182.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 165,479 shares of the technology company’s stock worth $4,422,000 after buying an additional 106,925 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Thermon Group by 298.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 283,889 shares of the technology company’s stock valued at $7,972,000 after buying an additional 212,578 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Thermon Group by 103.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 255,694 shares of the technology company’s stock valued at $6,832,000 after buying an additional 129,791 shares during the period. Finally, Voya Investment Management LLC grew its stake in Thermon Group by 21.9% in the 1st quarter. Voya Investment Management LLC now owns 22,876 shares of the technology company’s stock worth $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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on THR shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 22nd. Wall Street Zen upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Thermon Group Price Performance

NYSE THR opened at $37.77 on Friday. The company has a market cap of $1.24 billion, a PE ratio of 21.58 and a beta of 0.81. The firm’s 50 day moving average price is $34.31 and its 200-day moving average price is $29.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.74 and a current ratio of 2.82. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $41.20.

Thermon Group (NYSE:THR) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.19. The company had revenue of $131.72 million during the quarter, compared to the consensus estimate of $119.43 million. Thermon Group had a net margin of 11.60% and a return on equity of 13.58%. Thermon Group’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. Sell-side analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Thermon Group Company Profile

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.