Thermon Group Holdings, Inc. (NYSE:THR) Sees Large Growth in Short Interest

Thermon Group Holdings, Inc. (NYSE:THR) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 834,302 shares, an increase of 30.5% from the February 26th total of 639,173 shares. Based on an average daily trading volume, of 697,561 shares, the short-interest ratio is currently 1.2 days. Currently, 2.6% of the company’s stock are short sold.

Thermon Group Stock Down 4.4%

Thermon Group stock traded down $2.23 during trading on Monday, reaching $48.93. The stock had a trading volume of 302,653 shares, compared to its average volume of 604,439. The company has a quick ratio of 1.84, a current ratio of 2.90 and a debt-to-equity ratio of 0.25. Thermon Group has a 52-week low of $23.05 and a 52-week high of $58.56. The stock has a market cap of $1.61 billion, a PE ratio of 27.80 and a beta of 0.70. The business has a 50 day moving average price of $48.20 and a 200 day moving average price of $38.33.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Thursday, February 5th. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. The company 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 company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 EPS. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, analysts predict that Thermon Group will post 1.88 EPS for the current year.

Institutional Trading of Thermon Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of Thermon Group by 0.4% during the 1st quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock worth $7,209,000 after acquiring an additional 1,082 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Thermon Group by 66.9% during the 1st quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock worth $1,124,000 after acquiring an additional 16,177 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Thermon Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock worth $552,000 after purchasing an additional 845 shares during the last quarter. Jane Street Group LLC lifted its stake in Thermon Group by 24.9% during the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock worth $1,090,000 after purchasing an additional 7,798 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Thermon Group by 0.3% in the second quarter. Geode Capital Management LLC now owns 791,132 shares of the technology company’s stock valued at $22,218,000 after purchasing an additional 2,078 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

THR has been the subject of several recent research reports. Roth Mkm cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Wall Street Zen lowered Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. CJS Securities cut Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. Craig Hallum lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Finally, William Blair cut Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $57.00.

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.