Oliver Luxxe Assets LLC Invests $1.10 Million in Thermon Group Holdings, Inc. $THR

Oliver Luxxe Assets LLC acquired a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,591 shares of the technology company’s stock, valued at approximately $1,100,000. Oliver Luxxe Assets LLC owned 0.09% of Thermon Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in THR. GW&K Investment Management LLC increased 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 worth $38,198,000 after purchasing an additional 817,138 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Thermon Group by 15,981.5% during the second quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock worth $36,991,000 after buying an additional 1,309,045 shares during the period. Brown Advisory Inc. boosted its position in shares of Thermon Group by 13.7% during the second quarter. Brown Advisory Inc. now owns 1,107,088 shares of the technology company’s stock worth $31,087,000 after buying an additional 133,145 shares during the period. Medina Value Partners LLC grew its holdings in shares of Thermon Group by 3.5% during the third quarter. Medina Value Partners LLC now owns 987,165 shares of the technology company’s stock worth $26,377,000 after buying an additional 33,248 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Thermon Group by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 791,132 shares of the technology company’s stock valued at $22,218,000 after buying an additional 2,078 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on THR. Roth Mkm downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Craig Hallum downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Zacks Research raised shares of Thermon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. William Blair downgraded shares of Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $57.00.

Thermon Group Stock Down 3.3%

THR stock opened at $46.95 on Monday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 26.68 and a beta of 0.71. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $58.56. The business has a 50 day moving average price of $47.04 and a two-hundred day moving average price of $37.27. The company has a quick ratio of 1.84, a current ratio of 2.90 and a debt-to-equity ratio of 0.25.

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

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.