Peregrine Asset Advisers Inc. Buys New Position in Thermon Group Holdings, Inc. $THR

Key Points

• Peregrine Asset Advisers opened a new position in Thermon, buying 61,413 shares worth about $2.28 million (roughly a 0.19% stake); institutional investors collectively own about 99.76% of the company.
• Thermon beat Q4 expectations with $0.66 EPS vs. $0.59 est. and $147.3M revenue vs. $138.4M est., with revenue up 9.6% year-over-year and FY2026 EPS guidance of 1.64–1.78.
• Several brokers have cut ratings recently, leaving a consensus rating of "Hold" and a $57 average price target, below the recent share price near $60.56.

Peregrine Asset Advisers Inc. bought a new stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 61,413 shares of the technology company's stock, valued at approximately $2,282,000. Peregrine Asset Advisers Inc. owned 0.19% of Thermon Group as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new stake in Thermon Group during the 2nd quarter valued at approximately $31,000. Assetmark Inc. boosted its stake in Thermon Group by 68.1% during the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company's stock valued at $41,000 after purchasing an additional 620 shares during the period. Danske Bank A S bought a new stake in shares of Thermon Group in the 3rd quarter worth approximately $45,000. State of Alaska Department of Revenue bought a new stake in shares of Thermon Group in the 3rd quarter worth approximately $48,000. Finally, Federated Hermes Inc. lifted its position in shares of 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 acquiring an additional 409 shares during the period. Institutional investors own 99.76% of the company's stock.

Thermon Group Trading Up 0.1%

Shares of THR opened at $60.56 on Monday. Thermon Group Holdings, Inc. has a 1 year low of $23.86 and a 1 year high of $61.43. The company has a current ratio of 2.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.25. The stock has a 50 day simple moving average of $51.25 and a 200-day simple moving average of $42.77. The stock has a market cap of $1.99 billion, a PE ratio of 34.41 and a beta of 0.83.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $147.31 million during the quarter, compared to analysts' expectations of $138.35 million. During the same period last year, the firm posted $0.56 EPS. The business'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. On average, sell-side analysts predict that Thermon Group Holdings, Inc. will post 2.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on THR. Craig Hallum downgraded Thermon Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 2nd. Wall Street Zen cut Thermon Group from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 1st. CJS Securities cut Thermon Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 25th. William Blair cut Thermon Group from an "outperform" rating to a "hold" rating in a report on Wednesday, February 25th. Finally, Roth Mkm cut Thermon Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, 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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