Lightrock Netherlands B.V. Increases Position in Thermon Group Holdings, Inc. $THR

Lightrock Netherlands B.V. lifted its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 24.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 307,075 shares of the technology company’s stock after buying an additional 60,350 shares during the quarter. Thermon Group makes up approximately 1.8% of Lightrock Netherlands B.V.’s investment portfolio, making the stock its 22nd largest position. Lightrock Netherlands B.V.’s holdings in Thermon Group were worth $8,205,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in THR. Wedge Capital Management L L P NC lifted its position in Thermon Group by 182.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 165,479 shares of the technology company’s stock worth $4,422,000 after acquiring an additional 106,925 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Thermon Group by 103.1% during the third quarter. Assenagon Asset Management S.A. now owns 255,694 shares of the technology company’s stock worth $6,832,000 after purchasing an additional 129,791 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings 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 purchasing an additional 1,309,045 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Thermon Group by 298.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 283,889 shares of the technology company’s stock valued at $7,972,000 after buying an additional 212,578 shares during the last quarter. Finally, Swedbank AB increased its stake in Thermon Group by 16.1% in the 3rd quarter. Swedbank AB now owns 758,000 shares of the technology company’s stock valued at $20,254,000 after buying an additional 105,000 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on THR. Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Thermon Group has a consensus rating of “Buy”.

Thermon Group Stock Performance

NYSE:THR opened at $42.59 on Friday. The company has a quick ratio of 1.74, a current ratio of 2.82 and a debt-to-equity ratio of 0.26. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $43.36. The stock has a market cap of $1.40 billion, a PE ratio of 24.34 and a beta of 0.79. The firm’s fifty day simple moving average is $38.02 and its 200-day simple moving average is $31.18.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.36 by $0.19. Thermon Group had a net margin of 11.60% and a return on equity of 13.58%. The firm had revenue of $131.72 million during the quarter, compared to analysts’ expectations of $119.43 million. During the same quarter last year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. Analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share 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.