Northern Trust Corp Has $9.18 Million Stock Holdings in Thermon Group Holdings, Inc. $THR

Northern Trust Corp decreased its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 329,718 shares of the technology company’s stock after selling 7,191 shares during the period. Northern Trust Corp owned about 0.98% of Thermon Group worth $9,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its stake in Thermon Group by 127.9% in the fourth quarter. Bank of America Corp DE now owns 73,363 shares of the technology company’s stock valued at $2,111,000 after acquiring an additional 41,178 shares during the last quarter. Cerity Partners LLC bought a new position in Thermon Group in the first quarter valued at approximately $446,000. Rhumbline Advisers boosted its stake in Thermon Group by 3.7% in the first quarter. Rhumbline Advisers now owns 48,192 shares of the technology company’s stock valued at $1,342,000 after acquiring an additional 1,709 shares during the last quarter. SG Americas Securities LLC boosted its stake in Thermon Group by 221.6% in the first quarter. SG Americas Securities LLC now owns 20,346 shares of the technology company’s stock valued at $567,000 after acquiring an additional 14,019 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Thermon Group in the first quarter valued at approximately $771,000. 99.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th.

Thermon Group Trading Down 3.3%

Shares of NYSE:THR opened at $25.47 on Friday. Thermon Group Holdings, Inc. has a 12 month low of $23.05 and a 12 month high of $33.25. The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $27.11 and its 200 day simple moving average is $27.44. The firm has a market cap of $842.01 million, a price-to-earnings ratio of 16.12 and a beta of 1.14.

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

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.