Westwood Holdings Group Inc. Buys 1,309,045 Shares of Thermon Group Holdings, Inc. $THR

Westwood Holdings Group Inc. raised its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 15,981.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,317,236 shares of the technology company’s stock after buying an additional 1,309,045 shares during the period. Westwood Holdings Group Inc.’s holdings in Thermon Group were worth $36,991,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of THR. Jump Financial LLC acquired a new stake in Thermon Group in the first quarter worth $315,000. Nuveen LLC acquired a new position in shares of Thermon Group in the 1st quarter valued at $2,577,000. Voya Investment Management LLC increased its position in shares of Thermon Group by 21.9% in the 1st quarter. Voya Investment Management LLC now owns 22,876 shares of the technology company’s stock valued at $637,000 after buying an additional 4,113 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Thermon Group by 298.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 283,889 shares of the technology company’s stock worth $7,972,000 after buying an additional 212,578 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC lifted its holdings in Thermon Group by 1.7% during the second quarter. Riverpoint Wealth Management Holdings LLC now owns 49,530 shares of the technology company’s stock worth $1,391,000 after acquiring an additional 843 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Stock Performance

Shares of Thermon Group stock opened at $40.21 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.82 and a quick ratio of 1.74. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 22.97 and a beta of 0.81. The stock’s 50-day moving average is $31.93 and its 200-day moving average is $28.74. Thermon Group Holdings, Inc. has a one year low of $23.05 and a one year high of $41.20.

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

Analysts Set New Price Targets

THR has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 8th. Wall Street Zen raised Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

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.