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Thermon Group Holdings


Market Cap: 1.15B


About: Thermon Group Holdings Inc is a United States-based company that provides engineered thermal solutions for process industries. The company's product portfolio comprises electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It also provides turnkey services and design and engineering services. The company's customers include large engineering, procurement, and construction companies; oil and gas companies; commercial subcontractors; electrical component distributors; and others. The company has a presence, with the United States, Canada, and Europe being its top three markets and contributing the majority of its sales.

Employees: 1,416

Funds holding %
of 6,702 funds
Analysts bullish %
of 3 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

225% more call options, than puts

Call options by funds: $510K | Put options by funds: $157K

3.67% more ownership

Funds ownership: 94.39% [Q4 2023] → 98.06% (+3.67%) [Q1 2024]

4% more capital invested

Capital invested by funds: $1.04B [Q4 2023] → $1.08B (+$45.5M) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 2 (+0) [Q1 2024]

9% less funds holding

Funds holding: 158 [Q4 2023] → 143 (-15) [Q1 2024]

23% less repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 62

43% less first-time investments, than exits

New positions opened: 20 | Existing positions closed: 35

Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
Avg. target
High target

3 analyst ratings

Roth MKM
Chip Moore
30 May 2024
CJS Securities
Market Outperform
29 Apr 2024
Roth MKM
Chip Moore
6 Mar 2024

Financial journalist opinion

5 months ago
CORRECTION FROM SOURCE: Thermon Reports Third Quarter Fiscal 2024 Results
Correction to headline "Adjusting EPS Guidance"; no change to updated EPS or Adjusted EPS guidance range Continuing Double-Digit Revenue, Net Income and EPS Growth Deploying Capital to Drive Inorganic Growth Raising FY 2024 Revenue and Adjusting EPS Guidance AUSTIN, TX / ACCESSWIRE / February 1, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced consolidated financial results for the third quarter ("Q3 2024") of the fiscal year ending March 31, 2024 ("Fiscal 2024"). Key highlights for Q3 2024 as compared to the three months ended December 31, 2022 ("Q3 2023") include: Produced record revenue of $136.4 million, an increase of 12%, driven by sales growth in US-LAM, Europe and Asia Pacific Realized fully diluted GAAP earnings per share ("EPS") of $0.46 and record non-GAAP adjusted EPS of $0.59, an increase of 86% and 13% respectively, due to continued growth led by the US-LAM region Generated net income of $15.8 million, an increase of 88%, and Adjusted EBITDA of $30.7 million, an increase of 3%, driven by volume growth and effective cost management Achieved gross profit of $57.4 million, an increase of 14%, and gross margin of 42.1%, as compared to 41.3%, an expansion of approximately 80 basis points due to higher volume and non-recurring charges from the Russia Exit in Q3 2023 Delivered bookings of $124.4 million, a contraction of 1%, with 70% of orders in diversified end markets, and a book-to-bill ratio of 0.91x Closed the acquisition of Vapor Power in December 2023, our strategy to capture share in rapidly growing, diversified end-markets driven by decarbonization and electrification trends "This was another solid quarter for Thermon, with continued growth in revenue, gross profit, net income and fully diluted GAAP EPS.
CORRECTION FROM SOURCE: Thermon Reports Third Quarter Fiscal 2024 Results