Hennion & Walsh Asset Management Inc. Has $524,000 Holdings in Thermon Group Holdings, Inc. $THR

Hennion & Walsh Asset Management Inc. decreased its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 54.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,099 shares of the technology company’s stock after selling 17,168 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Thermon Group were worth $524,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in THR. Canada Pension Plan Investment Board acquired a new position in Thermon Group in the 2nd quarter worth $31,000. Assetmark Inc. raised its stake in shares of Thermon Group by 68.1% in the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after purchasing an additional 620 shares during the period. Danske Bank A S bought a new stake in shares of Thermon Group in the third quarter valued at about $45,000. State of Alaska Department of Revenue acquired a new position in shares of Thermon Group during the third quarter worth about $48,000. Finally, Federated Hermes Inc. boosted its position in shares of Thermon Group by 18.5% during the third quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock worth $70,000 after buying an additional 409 shares during the period. 99.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

THR has been the topic of a number of recent research reports. Craig Hallum lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. William Blair downgraded Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 25th. Wall Street Zen cut shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Roth Mkm lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $57.00.

Thermon Group Stock Up 0.1%

NYSE:THR opened at $52.14 on Friday. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $58.56. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 29.62 and a beta of 0.72. The company has a quick ratio of 1.84, a current ratio of 2.90 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average price is $48.95 and its two-hundred day moving average price is $38.97.

Thermon Group (NYSE:THR) last issued its earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.07. The business had revenue of $147.31 million for the quarter, compared to the consensus estimate of $138.35 million. Thermon Group had a net margin of 11.26% and a return on equity of 13.82%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. 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. Equities research analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Thermon Group 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.