Thermon Group Holdings, Inc. (NYSE:THR) Short Interest Update

Thermon Group Holdings, Inc. (NYSE:THR) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 507,972 shares, a decrease of 12.5% from the January 15th total of 580,773 shares. Based on an average daily volume of 289,622 shares, the short-interest ratio is presently 1.8 days. Approximately 1.6% of the company’s shares are sold short. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 289,622 shares, the short-interest ratio is presently 1.8 days.

Thermon Group Trading Up 1.2%

Shares of NYSE THR opened at $51.71 on Tuesday. The business has a 50 day simple moving average of $42.12 and a 200 day simple moving average of $33.45. Thermon Group has a 52 week low of $23.05 and a 52 week high of $53.52. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 29.38 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.

Thermon Group (NYSE:THR) last posted 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. The firm had revenue of $147.31 million during the quarter, compared to analysts’ expectations of $138.35 million. Thermon Group had a net margin of 11.26% and a return on equity of 13.82%. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, research analysts predict that Thermon Group will post 1.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thermon Group

Several institutional investors have recently bought and sold shares of THR. Westwood Holdings Group Inc. increased its holdings in shares of Thermon Group by 15,981.5% during 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 last quarter. GW&K Investment Management LLC boosted its position in Thermon Group by 133.4% during the third quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock worth $38,198,000 after purchasing an additional 817,138 shares during the period. UBS Group AG grew its holdings in Thermon Group by 287.4% during the third quarter. UBS Group AG now owns 288,370 shares of the technology company’s stock valued at $7,705,000 after purchasing an additional 213,935 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Thermon Group by 298.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 283,889 shares of the technology company’s stock valued at $7,972,000 after purchasing an additional 212,578 shares during the period. Finally, RBF Capital LLC acquired a new stake in shares of Thermon Group in the second quarter worth $4,905,000. 99.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

THR has been the topic of several research analyst reports. Zacks Research upgraded shares of Thermon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Craig Hallum assumed coverage on Thermon Group in a research report on Monday, February 2nd. They issued a “buy” rating and a $60.00 target price for the company. Roth Mkm upped their price target on Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a research 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, Wall Street Zen cut Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, Thermon Group currently has a consensus rating of “Buy” and a consensus price target of $57.00.

Thermon Group Company 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.