29,591 Shares in Thermon Group Holdings, Inc. $THR Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC acquired a new stake in Thermon Group Holdings, Inc. (NYSE:THR) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 29,591 shares of the technology company’s stock, valued at approximately $1,100,000.

A number of other hedge funds also recently made changes to their positions in THR. GW&K Investment Management LLC boosted its stake in shares of Thermon Group by 133.4% during the 3rd quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock worth $38,198,000 after acquiring an additional 817,138 shares during the period. Westwood Holdings Group Inc. raised its stake in Thermon Group by 15,981.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock valued at $36,991,000 after acquiring an additional 1,309,045 shares during the period. Brown Advisory Inc. lifted its holdings in Thermon Group by 13.7% during the 2nd quarter. Brown Advisory Inc. now owns 1,107,088 shares of the technology company’s stock valued at $31,087,000 after purchasing an additional 133,145 shares during the last quarter. Medina Value Partners LLC boosted its position in Thermon Group by 3.5% during the third quarter. Medina Value Partners LLC now owns 987,165 shares of the technology company’s stock worth $26,377,000 after purchasing an additional 33,248 shares during the period. Finally, Geode Capital Management LLC boosted its position in Thermon Group by 0.3% during the second quarter. Geode Capital Management LLC now owns 791,132 shares of the technology company’s stock worth $22,218,000 after purchasing an additional 2,078 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on THR shares. Roth Mkm lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. William Blair downgraded shares of Thermon Group from an “outperform” rating to a “hold” rating in a report on Wednesday, February 25th. Zacks Research upgraded shares of Thermon Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Craig Hallum cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Thermon Group has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Thermon Group Stock Down 3.3%

THR stock opened at $46.95 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.90 and a quick ratio of 1.84. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 26.68 and a beta of 0.71. The business’s fifty day moving average price is $47.04 and its two-hundred day moving average price is $37.27. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $58.56.

Thermon Group (NYSE:THR) last announced its earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. Thermon Group had a net margin of 11.26% and a return on equity of 13.82%. The company had revenue of $147.31 million during the quarter, compared to analysts’ expectations of $138.35 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. Thermon Group’s quarterly revenue was up 9.6% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, equities analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Thermon Group 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.