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

Thermon Group Holdings, Inc. (NYSE:THR) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 620,750 shares, an increase of 22.2% from the January 29th total of 507,972 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 546,964 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 546,964 shares, the short-interest ratio is presently 1.1 days. Approximately 1.9% of the shares of the stock are short sold.

Institutional Trading of Thermon Group

A number of large investors have recently modified their holdings of the company. Westwood Holdings Group Inc. raised its position in Thermon Group by 15,981.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock valued at $36,991,000 after purchasing an additional 1,309,045 shares in the last quarter. GW&K Investment Management LLC raised its holdings in shares of Thermon Group by 133.4% in the third quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock valued at $38,198,000 after acquiring an additional 817,138 shares in the last quarter. Clifford Capital Partners LLC lifted its stake in Thermon Group by 2,551.8% in the fourth quarter. Clifford Capital Partners LLC now owns 430,230 shares of the technology company’s stock worth $15,987,000 after acquiring an additional 414,006 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Thermon Group by 960.3% during the fourth quarter. Janus Henderson Group PLC now owns 250,813 shares of the technology company’s stock valued at $9,320,000 after purchasing an additional 227,157 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Thermon Group by 445.3% during the fourth quarter. Invesco Ltd. now owns 273,068 shares of the technology company’s stock valued at $10,147,000 after buying an additional 222,990 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on THR. Wall Street Zen lowered Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Craig Hallum lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. Zacks Research raised Thermon Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Finally, CJS Securities downgraded Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Thermon Group has an average rating of “Moderate Buy” and an average target price of $57.00.

Thermon Group Trading Up 2.9%

Thermon Group stock traded up $1.36 during mid-day trading on Wednesday, hitting $47.88. The company’s stock had a trading volume of 614,305 shares, compared to its average volume of 868,597. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90. The company has a 50 day moving average of $44.86 and a 200-day moving average of $35.43. Thermon Group has a one year low of $23.05 and a one year high of $58.56. The stock has a market cap of $1.57 billion, a PE ratio of 27.20 and a beta of 0.71.

Thermon Group (NYSE:THR) last issued its earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. The firm had revenue of $147.31 million during the quarter, compared to analyst estimates of $138.35 million. Thermon Group had a net margin of 11.26% and a return on equity of 13.82%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.56 earnings per share. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, research analysts anticipate that Thermon Group will post 1.88 EPS for the current year.

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.