Integrated Quantitative Investments LLC Trims Stock Position in Thermon Group Holdings, Inc. $THR

Integrated Quantitative Investments LLC decreased its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 67.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,100 shares of the technology company’s stock after selling 24,800 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in Thermon Group were worth $323,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in THR. Canada Pension Plan Investment Board purchased a new stake in Thermon Group during the second quarter valued at approximately $31,000. Assetmark Inc. grew its position in shares of Thermon Group by 68.1% during the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after acquiring an additional 620 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Thermon Group in the 3rd quarter worth $48,000. Federated Hermes Inc. increased its stake in shares of Thermon Group by 18.5% in the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock worth $70,000 after purchasing an additional 409 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in Thermon Group in the 3rd quarter worth $80,000. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Trading Down 2.6%

Thermon Group stock opened at $46.72 on Friday. Thermon Group Holdings, Inc. has a 1 year low of $23.05 and a 1 year high of $58.56. The firm’s 50 day moving average price is $45.03 and its 200-day moving average price is $35.51. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.90 and a quick ratio of 1.84. The stock has a market cap of $1.53 billion, a P/E ratio of 26.55 and a beta of 0.71.

Thermon Group (NYSE:THR) last posted its earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.07. The company 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%. Thermon Group’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the company posted $0.56 earnings per share. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, equities analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on THR. Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. William Blair cut Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 25th. Zacks Research upgraded Thermon Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Craig Hallum lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Roth Mkm cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.00.

About Thermon Group

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.