Hennion & Walsh Asset Management Inc. Has $524,000 Stake in Thermon Group Holdings, Inc. $THR

Hennion & Walsh Asset Management Inc. reduced its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 54.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,099 shares of the technology company’s stock after selling 17,168 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Thermon Group were worth $524,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in THR. GW&K Investment Management LLC lifted its holdings in 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 valued at $38,198,000 after purchasing an additional 817,138 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Thermon Group by 15,981.5% in the second quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock valued at $36,991,000 after purchasing an additional 1,309,045 shares during the last quarter. Brown Advisory Inc. raised its position in shares of Thermon Group by 13.7% in the second 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 period. Medina Value Partners LLC raised its position in shares of Thermon Group by 3.5% in the third quarter. Medina Value Partners LLC now owns 987,165 shares of the technology company’s stock valued at $26,377,000 after purchasing an additional 33,248 shares during the period. Finally, Harvey Partners LLC lifted its stake in shares of Thermon Group by 20.6% during the 3rd quarter. Harvey Partners LLC now owns 771,500 shares of the technology company’s stock worth $20,614,000 after buying an additional 131,769 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

THR has been the subject of several research analyst reports. Wall Street Zen lowered shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Roth Mkm downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Zacks Research cut Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 29th. Finally, Craig Hallum lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $57.00.

Thermon Group Price Performance

Shares of Thermon Group stock opened at $52.14 on Friday. The company has a quick ratio of 1.84, a current ratio of 2.90 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 29.62 and a beta of 0.72. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $58.56. The company has a 50-day simple moving average of $48.95 and a two-hundred day simple moving average of $38.97.

Thermon Group (NYSE:THR) last announced its earnings results on Thursday, February 5th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $138.35 million. During the same period last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. Analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

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.