Peregrine Asset Advisers Inc. Invests $2.28 Million in Thermon Group Holdings, Inc. $THR

Peregrine Asset Advisers Inc. purchased a new position in Thermon Group Holdings, Inc. (NYSE:THR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 61,413 shares of the technology company’s stock, valued at approximately $2,282,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Strs Ohio bought a new position in shares of Thermon Group in the 4th quarter worth $710,000. Nkcfo LLC bought a new position in Thermon Group during the fourth quarter worth about $85,000. Pictet Asset Management Holding SA bought a new position in Thermon Group during the fourth quarter worth about $206,000. UBS Group AG lifted its holdings in Thermon Group by 5.8% during the fourth quarter. UBS Group AG now owns 305,070 shares of the technology company’s stock worth $11,336,000 after acquiring an additional 16,700 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Thermon Group during the fourth quarter worth about $3,758,000. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Stock Performance

THR opened at $60.56 on Monday. The business’s 50-day moving average price is $51.25 and its two-hundred day moving average price is $42.77. Thermon Group Holdings, Inc. has a 1 year low of $23.86 and a 1 year high of $61.43. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 34.41 and a beta of 0.83. 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) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.07. The firm had revenue of $147.31 million for the quarter, compared to the consensus estimate of $138.35 million. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. Equities analysts expect that Thermon Group Holdings, Inc. will post 2.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

THR has been the topic of several recent analyst reports. Wall Street Zen lowered Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. CJS Securities lowered Thermon Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 25th. Roth Mkm lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Zacks Research lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, William Blair lowered Thermon Group from an “outperform” rating to a “hold” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $57.00.

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.