First Eagle Investment Management LLC Trims Stake in Thermon Group Holdings, Inc. $THR

First Eagle Investment Management LLC lessened its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 1.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 349,111 shares of the technology company’s stock after selling 3,400 shares during the quarter. First Eagle Investment Management LLC’s holdings in Thermon Group were worth $9,803,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. CWM LLC grew its position in Thermon Group by 68.9% during the first quarter. CWM LLC now owns 922 shares of the technology company’s stock worth $26,000 after buying an additional 376 shares in the last quarter. State of Wyoming purchased a new stake in shares of Thermon Group in the 1st quarter valued at about $59,000. Commerce Bank boosted 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 acquiring an additional 755 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Thermon Group during the first quarter worth about $315,000. Finally, MQS Management LLC bought a new position in shares of Thermon Group in the second quarter worth approximately $325,000. Institutional investors own 99.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on THR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Thermon Group in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Thermon Group Stock Performance

Thermon Group stock opened at $34.18 on Friday. The firm has a fifty day simple moving average of $27.12 and a two-hundred day simple moving average of $27.30. The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $34.41. The company has a market capitalization of $1.13 billion, a PE ratio of 21.64 and a beta of 1.06.

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 analysts’ consensus estimates of $0.36 by $0.19. Thermon Group had a return on equity of 12.65% and a net margin of 10.89%.The company had revenue of $131.72 million during the quarter, compared to analyst estimates of $119.43 million. During the same quarter in the previous year, the company posted $0.38 EPS. Thermon Group’s revenue for the quarter was up 14.9% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. Research analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Thermon Group Company Profile

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.