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

Lightrock Netherlands B.V. grew its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 24.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 307,075 shares of the technology company’s stock after buying an additional 60,350 shares during the quarter. Thermon Group accounts for approximately 1.8% of Lightrock Netherlands B.V.’s portfolio, making the stock its 22nd biggest position. Lightrock Netherlands B.V. owned approximately 0.93% of Thermon Group worth $8,205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in THR. Canada Pension Plan Investment Board acquired a new stake in Thermon Group in the second quarter valued at approximately $31,000. State of Alaska Department of Revenue purchased a new stake in shares of Thermon Group in the 3rd quarter valued at approximately $48,000. New York State Teachers Retirement System acquired a new stake in shares of Thermon Group in the 3rd quarter valued at $80,000. BNP Paribas Financial Markets lifted its position in shares of Thermon Group by 62.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,236 shares of the technology company’s stock worth $91,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Thermon Group by 110.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,255 shares of the technology company’s stock worth $91,000 after purchasing an additional 1,710 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Thermon Group Stock Down 1.3%

Thermon Group stock opened at $42.59 on Friday. The company has a market capitalization of $1.40 billion, a P/E ratio of 24.34 and a beta of 0.79. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.74 and a current ratio of 2.82. 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 50-day simple moving average of $38.02 and a 200-day simple moving average of $31.18.

Thermon Group (NYSE:THR) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.19. Thermon Group had a return on equity of 13.58% and a net margin of 11.60%.The firm had revenue of $131.72 million for the quarter, compared to the consensus estimate of $119.43 million. During the same quarter last year, the business posted $0.38 EPS. The firm’s quarterly revenue 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. Equities research analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on THR shares. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Wall Street Zen raised Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

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.