Wedge Capital Management L L P NC Grows Holdings in Thermon Group Holdings, Inc. $THR

Wedge Capital Management L L P NC lifted its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 182.6% in the third quarter, Holdings Channel reports. The institutional investor owned 165,479 shares of the technology company’s stock after buying an additional 106,925 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Thermon Group were worth $4,422,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in THR. Invesco Ltd. grew its holdings in Thermon Group by 420.1% during the 1st quarter. Invesco Ltd. now owns 269,095 shares of the technology company’s stock worth $7,494,000 after acquiring an additional 217,352 shares in the last quarter. Nuveen LLC acquired a new position in Thermon Group in the first quarter worth about $2,577,000. American Century Companies Inc. increased its holdings in Thermon Group by 21.8% in the first quarter. American Century Companies Inc. now owns 60,800 shares of the technology company’s stock valued at $1,693,000 after buying an additional 10,874 shares during the last quarter. Jump Financial LLC acquired a new stake in Thermon Group during the first quarter valued at approximately $315,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in Thermon Group by 15.2% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 45,696 shares of the technology company’s stock worth $1,273,000 after buying an additional 6,024 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Trading Down 0.6%

Shares of NYSE:THR opened at $38.40 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 2.82 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $33.41 and its 200 day moving average price is $29.25. The company has a market cap of $1.26 billion, a PE ratio of 21.94 and a beta of 0.81. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $41.20.

Thermon Group (NYSE:THR) last posted its earnings results on Thursday, November 6th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $119.43 million. During the same period last year, the firm earned $0.38 EPS. The firm’s 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. Sell-side analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on THR. Wall Street Zen raised Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Thermon Group currently has an average rating of “Buy”.

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.