Thermon Group Holdings, Inc. (NYSE:THR) Short Interest Update

Thermon Group Holdings, Inc. (NYSE:THR) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 658,183 shares, an increase of 24.0% from the November 30th total of 530,672 shares. Currently, 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 518,826 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 518,826 shares, the short-interest ratio is currently 1.3 days. Currently, 2.1% of the shares of the company are short sold.

Thermon Group Stock Performance

NYSE:THR opened at $37.15 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.74 and a current ratio of 2.82. The stock has a 50-day simple moving average of $35.12 and a two-hundred day simple moving average of $29.78. The firm has a market capitalization of $1.22 billion, a PE ratio of 21.23 and a beta of 0.79. Thermon Group has a 52-week low of $23.05 and a 52-week high of $41.20.

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

Analyst Upgrades and Downgrades

THR has been the subject of a number of research reports. Wall Street Zen upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Thermon Group presently has a consensus rating of “Buy”.

Institutional Trading of Thermon Group

A number of hedge funds and other institutional investors have recently modified their holdings of THR. Intech Investment Management LLC lifted its stake in shares of Thermon Group by 2.3% during the 3rd quarter. Intech Investment Management LLC now owns 14,346 shares of the technology company’s stock valued at $383,000 after buying an additional 327 shares in the last quarter. Federated Hermes Inc. raised its holdings in Thermon Group by 18.5% during the third quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock valued at $70,000 after acquiring an additional 409 shares during the period. Assetmark Inc. lifted its position in shares of Thermon Group by 68.1% in the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after acquiring an additional 620 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Thermon Group by 2.2% in the third quarter. Legal & General Group Plc now owns 38,133 shares of the technology company’s stock worth $1,019,000 after acquiring an additional 807 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC boosted its stake in shares of Thermon Group by 1.7% in the third quarter. Riverpoint Wealth Management Holdings LLC now owns 50,360 shares of the technology company’s stock worth $1,346,000 after acquiring an additional 830 shares during the period. 99.76% of the stock is owned by hedge funds and other institutional investors.

About Thermon Group

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.