Allspring Global Investments Holdings LLC Makes New $3.76 Million Investment in Thermon Group Holdings, Inc. $THR

Key Points

• Allspring Global Investments Holdings LLC bought a new stake of 101,132 shares in Thermon (NYSE:THR) in Q4 — about $3.76 million and roughly 0.31% of the company; institutional investors collectively own about 99.76% of the stock.
• Thermon posted an earnings beat with $0.66 EPS vs. $0.59 expected and revenue of $147.3M vs. $138.4M expected, with revenue up 9.6% year-over-year and FY2026 guidance of $1.64–$1.78 EPS (analysts forecast $1.88).
• Analyst sentiment has cooled to a MarketBeat consensus of Hold and a $57 price target after several firms downgraded the stock from stronger ratings.

Allspring Global Investments Holdings LLC bought a new stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 101,132 shares of the technology company's stock, valued at approximately $3,758,000. Allspring Global Investments Holdings LLC owned approximately 0.31% of Thermon Group as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in THR. Canada Pension Plan Investment Board purchased a new stake in shares of Thermon Group during the 2nd quarter worth approximately $31,000. Assetmark Inc. lifted its holdings in shares of Thermon Group by 68.1% in the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company's stock worth $41,000 after acquiring an additional 620 shares during the last quarter. Danske Bank A S purchased a new position in shares of Thermon Group during the third quarter valued at approximately $45,000. State of Alaska Department of Revenue bought a new position in Thermon Group in the 3rd quarter valued at $48,000. Finally, Federated Hermes Inc. increased its stake in Thermon Group by 18.5% in the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company's stock worth $70,000 after buying an additional 409 shares during the period. 99.76% of the stock is owned by institutional investors.

Thermon Group Stock Down 2.1%

NYSE:THR opened at $49.92 on Wednesday. The company's fifty day moving average price is $49.22 and its 200-day moving average price is $39.38. The firm has a market capitalization of $1.64 billion, a P/E ratio of 28.36 and a beta of 0.72. Thermon Group Holdings, Inc. has a 1-year low of $23.05 and a 1-year high of $58.56. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.90 and a quick ratio of 1.84.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.07. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The business had revenue of $147.31 million during the quarter, compared to analyst estimates of $138.35 million. During the same quarter last year, the business posted $0.56 EPS. The company's revenue was up 9.6% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, equities research analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on THR shares. Zacks Research downgraded shares of Thermon Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 26th. Weiss Ratings reissued a "buy (b-)" rating on shares of Thermon Group in a report on Monday, December 29th. Wall Street Zen lowered shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 1st. William Blair downgraded Thermon Group from an "outperform" rating to a "hold" rating in a research note on Wednesday, February 25th. Finally, Roth Mkm downgraded Thermon Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Thermon Group presently has a consensus rating of "Hold" and a consensus price target 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.

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