AlphaQuest LLC Has $315,000 Stake in Thermon Group Holdings, Inc. $THR

AlphaQuest LLC lessened its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 68.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,780 shares of the technology company’s stock after selling 25,852 shares during the period. AlphaQuest LLC’s holdings in Thermon Group were worth $315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in THR. Canada Pension Plan Investment Board acquired a new stake in Thermon Group during the second quarter worth approximately $31,000. State of Alaska Department of Revenue bought a new stake in shares of Thermon Group during the 3rd quarter valued at $48,000. Federated Hermes Inc. grew its holdings in shares of Thermon Group by 18.5% during the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock worth $70,000 after purchasing an additional 409 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Thermon Group in the third quarter worth $80,000. Finally, BNP Paribas Financial Markets raised its stake in Thermon Group by 62.5% in the second quarter. BNP Paribas Financial Markets now owns 3,236 shares of the technology company’s stock valued at $91,000 after purchasing an additional 1,245 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Stock Up 3.8%

Shares of NYSE:THR opened at $50.62 on Monday. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $51.54. The company has a market capitalization of $1.66 billion, a PE ratio of 28.76 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90. The company has a fifty day moving average of $40.40 and a 200-day moving average of $32.48.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.07. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The company had revenue of $147.31 million for the quarter, compared to the consensus estimate of $138.35 million. During the same quarter last year, the business posted $0.56 EPS. Thermon Group’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. On average, equities analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on THR. Wall Street Zen downgraded shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Roth Mkm upped their price target on shares of Thermon Group from $38.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Finally, Craig Hallum assumed coverage on Thermon Group in a research note on Monday, February 2nd. They set a “buy” rating and a $60.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $57.00.

Key Thermon Group News

Here are the key news stories impacting Thermon Group this week:

• Positive Sentiment: Thermon reported record quarterly revenue and delivered an EPS beat — adjusted EPS $0.66 vs. consensus $0.59 — driven by higher revenue and margin improvement. This is the main driver lifting investor sentiment. Thermon Group Holdings Inc (THR) Q3 2026 Earnings Call Highlights: Record Revenue and Strategic …
• Positive Sentiment: Operational metrics were strong: revenue of $147.3M (+9.6% y/y), gross margin ~46.6%, adjusted EBITDA margin ~24.2%, and new orders up ~14% with a book-to-bill of ~1.1x — indicating durable demand and improved profitability. Thermon Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: Analysts reacted positively: at least one published note lifted THR’s price target (reported ~+21.6% to $45.90), which can support near-term buying interest. Thermon Group Holdings (THR) price target increased by 21.62% to 45.90
• Neutral Sentiment: Full earnings call transcript, presentation slides and multiple transcripts are available for investors seeking detail on segment trends, backlog, and margin drivers; these provide color but no single new data point. Thermon Group Holdings, Inc. 2026 Q3 – Results – Earnings Call Presentation Q3 2026 earnings call transcript
• Negative Sentiment: Management issued FY2026 EPS guidance of $1.64–$1.78, which, while reportedly an increase versus the company’s prior internal outlook, sits below the street consensus (~$2.06). That guidance gap may cap upside and explain some seller activity despite the beat. Thermon Group fiscal Q3 earnings snapshot and guidance

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.