XTX Topco Ltd Makes New Investment in Thermon Group Holdings, Inc. $THR

XTX Topco Ltd acquired a new stake in Thermon Group Holdings, Inc. (NYSE:THR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,571 shares of the technology company’s stock, valued at approximately $718,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC grew its holdings in shares of Thermon Group by 68.9% in the first quarter. CWM LLC now owns 922 shares of the technology company’s stock valued at $26,000 after acquiring an additional 376 shares in the last quarter. State of Wyoming purchased a new position in Thermon Group in the first quarter worth $59,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Thermon Group in the 2nd quarter valued at $218,000. Commerce Bank increased its position in shares of Thermon Group by 8.1% during the 1st quarter. Commerce Bank now owns 10,105 shares of the technology company’s stock valued at $281,000 after purchasing an additional 755 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Thermon Group during the 1st quarter worth $315,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Thermon Group Trading Up 1.1%

Shares of Thermon Group stock opened at $35.79 on Wednesday. The stock has a market capitalization of $1.18 billion, a P/E ratio of 22.65 and a beta of 0.81. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $36.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.49 and a current ratio of 2.43. The stock’s 50-day simple moving average is $30.03 and its 200 day simple moving average is $28.12.

Thermon Group (NYSE:THR) last issued its earnings results on Thursday, November 6th. The technology company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.19. Thermon Group had a net margin of 10.89% and a return on equity of 12.65%. The firm had revenue of $131.72 million during the quarter, compared to analyst estimates of $119.43 million. During the same quarter last year, the business earned $0.38 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. As a group, research analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

THR has been the subject of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a research report on Monday. Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus 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.