Thermon Group Holdings, Inc. $THR Shares Purchased by Boston Partners

Boston Partners lifted its position in Thermon Group Holdings, Inc. (NYSE:THR) by 31.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,495 shares of the technology company’s stock after purchasing an additional 2,720 shares during the quarter. Boston Partners’ holdings in Thermon Group were worth $323,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CWM LLC boosted its holdings in Thermon Group by 68.9% in the 1st quarter. CWM LLC now owns 922 shares of the technology company’s stock valued at $26,000 after purchasing an additional 376 shares during the last quarter. Commerce Bank raised its position in shares of Thermon Group by 8.1% during the 1st quarter. Commerce Bank now owns 10,105 shares of the technology company’s stock valued at $281,000 after buying an additional 755 shares during the period. Riverpoint Wealth Management Holdings LLC lifted its holdings in Thermon Group by 1.7% in the second quarter. Riverpoint Wealth Management Holdings LLC now owns 49,530 shares of the technology company’s stock valued at $1,391,000 after acquiring an additional 843 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Thermon Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock worth $552,000 after acquiring an additional 845 shares during the period. Finally, Royal Bank of Canada increased its stake in Thermon Group by 0.4% during the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock worth $7,209,000 after acquiring an additional 1,082 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Price Performance

THR opened at $35.10 on Monday. The stock’s 50-day moving average price is $29.70 and its 200 day moving average price is $28.05. Thermon Group Holdings, Inc. has a 12-month low of $23.05 and a 12-month high of $36.14. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 22.22 and a beta of 1.06. The company has a current ratio of 2.43, a quick ratio of 1.49 and a debt-to-equity ratio of 0.23.

Thermon Group (NYSE:THR) last released its earnings results on Thursday, November 6th. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 12.65% and a net margin of 10.89%.Thermon Group’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. As a group, sell-side analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Wall Street Analyst Weigh In

THR has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a research note on Tuesday, November 25th. Wall Street Zen raised shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

About Thermon Group

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.