Thermon Group Holdings, Inc. $THR Holdings Decreased by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management trimmed its Thermon Group stake by 14% in Q4, selling 23,226 shares and ending the quarter with 142,253 shares worth about $5.29 million.
• Thermon beat expectations for the quarter with $0.66 EPS versus $0.59 expected and $147.31M in revenue (up 9.6% YoY), and issued FY2026 guidance of 1.640–1.780 EPS.
• Analyst sentiment is cautious—one Buy and five Holds with an average rating of Hold and a $57 average price target—while the stock trades around $51.19, with a $1.68 billion market cap and a 52-week range of $23.05–$58.56.

Wedge Capital Management L L P NC lowered its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,253 shares of the technology company's stock after selling 23,226 shares during the quarter. Wedge Capital Management L L P NC owned about 0.43% of Thermon Group worth $5,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Oliver Luxxe Assets LLC acquired a new stake in shares of Thermon Group in the 4th quarter worth approximately $1,100,000. First Eagle Investment Management LLC boosted its holdings in shares of Thermon Group by 12.3% in the third quarter. First Eagle Investment Management LLC now owns 391,978 shares of the technology company's stock valued at $10,474,000 after acquiring an additional 42,867 shares in the last quarter. Heartland Advisors Inc. increased its stake in shares of Thermon Group by 10.7% during the third quarter. Heartland Advisors Inc. now owns 256,044 shares of the technology company's stock valued at $6,841,000 after acquiring an additional 24,732 shares during the period. Swedbank AB raised its holdings in Thermon Group by 16.1% during the third quarter. Swedbank AB now owns 758,000 shares of the technology company's stock worth $20,254,000 after purchasing an additional 105,000 shares in the last quarter. Finally, Lightrock Netherlands B.V. raised its holdings in Thermon Group by 24.5% during the third quarter. Lightrock Netherlands B.V. now owns 307,075 shares of the technology company's stock worth $8,205,000 after purchasing an additional 60,350 shares in the last quarter. Institutional investors own 99.76% of the company's stock.

Thermon Group Price Performance

NYSE THR opened at $51.19 on Friday. The company has a current ratio of 2.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.25. Thermon Group Holdings, Inc. has a 1 year low of $23.05 and a 1 year high of $58.56. The company has a market cap of $1.68 billion, a PE ratio of 29.09 and a beta of 0.71. The stock's 50-day moving average price is $48.04 and its two-hundred day moving average price is $38.08.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on THR shares. Craig Hallum lowered Thermon Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 2nd. Wall Street Zen downgraded Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 1st. Zacks Research lowered Thermon Group from a "strong-buy" rating to a "hold" rating in a report on Thursday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Thermon Group in a research note on Monday, December 29th. Finally, Roth Mkm lowered 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.

Want to see what other hedge funds are holding THR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thermon Group Holdings, Inc. (NYSE:THR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.