FMR LLC (THR) Schedule 13G/A shows exit from Thermon Group ownership
FMR LLC and Abigail P. Johnson have filed a Schedule 13G/A, reporting that they no longer beneficially own any common stock in Thermon Group Holdings, Inc. The filing indicates 0.00 shares beneficially owned, representing 0.0% of the class, meaning their position now falls under "Ownership of 5 percent or less of a class." This amendment signifies their complete exit from a reportable ownership stake in Thermon Group.
CECO Environmental Completes $2.1 Billion Acquisition of Thermon Group in Stock-and-Cash Merger
CECO Environmental Corp. has completed its $2.1 billion stock-and-cash acquisition of Thermon Group Holdings, Inc., a transformative event that significantly expands CECO's asset base and leverage. The merger involves CECO issuing 22.5 million new shares and paying $329.4 million in cash, funded by debt, leading to substantial shareholder dilution and an increase in pro forma debt to $775.3 million. While the transaction is expected to be initially dilutive with pro forma net losses, investors are advised to monitor future integration and potential synergies for long-term value creation.
Thermon Group Holdings, Inc. Revenue Breakdown – SWB:8TG
This article details Thermon Group Holdings, Inc.'s revenue breakdown. Last year, the company generated €464.15 million, with its "Highly Engineered Industrial Process Heating Solutions" segment being the top performer. The United States was the largest geographical contributor to its revenue.
Lazard Asset Management LLC Increases Stake in Thermon Group Holdings, Inc. $THR
Lazard Asset Management LLC significantly increased its stake in Thermon Group Holdings, Inc. by 16.1% during the first quarter, now owning 147,930 shares valued at $7.46 million. This move is part of broader institutional investment, with nearly all of the company's stock held by such entities. Despite a strong revenue increase of 10.6% year over year, the company narrowly missed EPS estimates, and analysts maintain a cautious "Hold" rating for the stock.
Thermon Group Holdings, Inc. $THR Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund
Healthcare of Ontario Pension Plan Trust Fund significantly increased its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 37.8% in the first quarter, now owning 94,180 shares valued at $4.747 million. Other institutional investors like Intech Investment Management LLC, State Board of Administration of Florida Retirement System, and Goldman Sachs Group Inc. also adjusted their positions. Analysts currently have a "Hold" rating on Thermon Group with a consensus target price of $57.00, despite the company reporting slightly lower-than-expected EPS in its last quarterly earnings.
Arrowstreet Capital Limited Partnership Purchases 171,346 Shares of Thermon Group Holdings, Inc. $THR
Arrowstreet Capital Limited Partnership increased its stake in Thermon Group Holdings, Inc. by 33.7% in the first quarter, purchasing an additional 171,346 shares and bringing its total holdings to 679,685 shares valued at $34,256,000. Other institutional investors also made significant changes to their positions in Thermon Group. The company's stock performance, recent earnings, and analyst ratings, which currently average a "Hold" with a consensus price target of $57.00, are also detailed.
Thermon Group Holdings Number of Employees 2026 | Employee Count & Headcount Data
Thermon Group Holdings had 860 employees worldwide as of March 2026, representing a 6.0% growth since 2023. The company is actively hiring, with 84 job postings in 2026, though new postings per month have decreased. The workforce is primarily located in the United States (45.0%), Canada (22.9%), and India (9.9%), with an average salary of $73,322 and overall negative employee sentiment.
Polar Asset Management Partners Inc. Acquires New Stake in Thermon Group Holdings, Inc. $THR
Polar Asset Management Partners Inc. has acquired a new stake in Thermon Group Holdings, Inc. (NYSE:THR), purchasing 37,987 shares valued at approximately $1.915 million, representing about 0.12% of the company. Other institutional investors also increased their holdings, leading to institutions collectively owning 99.76% of THR. Despite a neutral analyst sentiment with a consensus "Hold" rating and a price target below its opening price, Thermon reported a 10.6% year-over-year revenue increase to $148.33 million, though missing EPS estimates by $0.01.
Thermon Group Holdings, Inc. (NYSE:THR) Given Average Recommendation of "Hold" by Analysts
Thermon Group Holdings, Inc. (NYSE:THR) has received an average "Hold" recommendation from six analysts, with an average 12-month price target of $57.00. The stock recently traded above this target at $61.14. Despite missing EPS estimates by $0.01 with earnings of $0.55 per share, the company's Q1 revenue of $148.33 million surpassed expectations.
Allspring Global Investments Holdings LLC Buys 24,693 Shares of Thermon Group Holdings, Inc. $THR
Allspring Global Investments Holdings LLC increased its stake in Thermon Group Holdings, Inc. by 24.4% in the first quarter, now owning 125,825 shares valued at $6.34 million. Several other institutional investors also adjusted their holdings in THR, with institutional investors collectively owning 99.76% of the company's stock. Thermon Group reported a slight earnings miss for the quarter but saw a revenue increase, and analysts currently have a "Hold" rating on the stock with a consensus price target of $57.00.
Dimensional Fund details small Thermon Group (NYSE: THR) shareholding
Dimensional Fund Advisors has reported beneficial ownership of 21 shares of Thermon Group Holdings Inc. common stock, which represents 0.0% of the class. The shares are held by various investment funds advised by Dimensional, and the firm disclaims direct beneficial ownership. This disclosure, filed as a SCHEDULE 13G/A, indicates that Dimensional Fund has sole voting and dispositive power over these 21 shares.
21,895 Shares in Thermon Group Holdings, Inc. $THR Purchased by ABC Arbitrage SA
ABC Arbitrage SA recently purchased 21,895 shares of Thermon Group Holdings, Inc. (NYSE:THR) valued at approximately $1.1 million, establishing a new position in the company. Institutional investors and hedge funds hold a significant portion (99.76%) of Thermon Group's stock. Despite a consensus "Hold" rating from analysts and a price target of $57.00, the stock recently traded at $61.14.
Y Intercept Hong Kong Ltd Makes New $1.15 Million Investment in Thermon Group Holdings, Inc. $THR
Y Intercept Hong Kong Ltd has made a new investment of $1.15 million in Thermon Group Holdings, Inc., acquiring 22,830 shares. This comes amidst significant institutional interest in Thermon Group, with institutional investors now holding 99.76% of the company's stock. Despite the new investment, analyst sentiment for Thermon Group remains cautious, with a consensus "Hold" rating and an average price target of $57.00.
THR stock holds steady as thermal technology specialist focuses on industrial growth
Thermon Group Holdings (THR) stock is stable as the company, a thermal technology specialist, focuses on industrial growth. Serving energy, chemical, and industrial customers, Thermon's business is influenced by long-cycle projects and capital spending. The company provides engineered thermal solutions like heat tracing systems, crucial for process industries that require precise temperature management.
SG Americas Securities LLC Reduces Position in Thermon Group Holdings, Inc. $THR
SG Americas Securities LLC significantly reduced its stake in Thermon Group Holdings, Inc. by 73.8% in Q1, selling 16,680 shares. Despite the firm's reduced holdings, other institutional investors increased their positions in the company. Thermon Group reported mixed Q1 earnings with EPS missing estimates but revenue exceeding expectations, and Wall Street maintains a "Hold" rating with an average target price of $57.00.
Thermon (THR) Q4 2026 earnings summary
Thermon's Q4 2026 revenue increased 11% year-over-year to $148.3 million, with full-year revenue reaching a record $536.3 million. While Q4 net income dropped due to higher SG&A, adjusted net income saw a slight decrease, and full-year adjusted net income grew 11%. The company's impending merger with CECO Environmental is set to close in June 2026, which is expected to create a larger, high-growth entity.
Thermon (THR) Proxy filing Summary
Thermon and CECO are proposing a merger where Thermon will become a wholly-owned subsidiary of CECO. Thermon shareholders have options to receive mixed consideration, all cash, or all stock, subject to proration. The merger aims to create a diversified industrial company with enhanced scale, product offerings, and geographic reach, with both boards recommending approval and key CECO shareholders supporting the transaction.
Swedbank AB Sells 224,000 Shares of Thermon Group Holdings, Inc. $THR
Swedbank AB reduced its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 32.3% in the first quarter, selling 224,000 shares and retaining 470,000 shares valued at approximately $23.7 million. Despite institutional investors holding 99.76% of Thermon Group shares, analysts are mostly neutral, with a consensus "Hold" rating and an average price target of $57.00. The company's stock has seen rating downgrades recently, and it missed analyst earnings estimates in its last quarterly report.
Thermon (THR) Investor presentation Summary
Thermon (THR) presented its investor summary, highlighting its focus on industrial process heating and aiming for global leadership in the sector. The company reported strong financial performance with trailing twelve months revenue of $522M and a 10% year-over-year growth in Q3 FY26 revenue. Key growth drivers include OPEX sales, product innovation, digitization, and diversification, which has reduced oil & gas exposure significantly.
Thermon (THR) Q4 2025 earnings summary
Thermon (THR) reported record revenue and adjusted EBITDA for fiscal 2025, driven by 3% organic growth in Q4 and strong execution on strategic priorities. The company achieved record bookings and backlog, with net leverage reduced to 0.9x. For FY26, Thermon anticipates revenue between $495M and $535M and adjusted EBITDA of $104M–$114M.
Price to book forward of Thermon Group Holdings, Inc. – SWB:8TG
This page from TradingView provides financial information for Thermon Group Holdings, Inc. (SWB:8TG), specifically focusing on its forward price-to-book ratio. The content indicates that the market was closed with no trades recorded at the time of viewing. It serves as a financial data point within a broader platform offering various market analysis tools.
Enterprise value to revenue forward of Thermon Group Holdings, Inc. – SWB:8TG
This article provides financial data for Thermon Group Holdings, Inc. (SWB:8TG) on TradingView, specifically focusing on its enterprise value to revenue forward. It indicates that the company's market is currently closed with no trades recorded.
Enterprise value to EBIT forward of Thermon Group Holdings, Inc. – SWB:8TG
This article provides the enterprise value to EBIT forward for Thermon Group Holdings, Inc. (SWB:8TG). It lists the period, value, and change metrics for this financial indicator. The information is presented on a TradingView page, focusing solely on this specific financial data point.
Price to sales forward of Thermon Group Holdings, Inc. – SWB:8TG
This article provides financial data for Thermon Group Holdings, Inc. (SWB:8TG), specifically its price-to-sales forward ratio. The content, sourced from TradingView, indicates that the market was closed with no trades at the time of publication. It focuses on the financial metrics for the company.
If You Invested $1,000 in Thermon Group Hldgs Inc (THR)
This article analyzes the historical performance of investing $1,000 in Thermon Group Holdings Inc (THR) over 1, 5, and 10 years, detailing total returns and CAGR. It also provides a comprehensive overview of the company, including its business model, products, end markets, financial profile, corporate governance, and growth initiatives. While THR has shown strong growth in certain periods, it has slightly underperformed the S&P 500 over the past decade.
Thermon Group Holdings, Inc. Actuals & Estimates (SWB:8TG)
This article provides an overview of Thermon Group Holdings, Inc. (SWB:8TG) stock, including financial actuals and estimates, analyst forecasts, and historical price data. It details the company's past earnings, revenue, net income, and confirms that it does not pay dividends. Key financial metrics such as EBITDA and employee count are also presented.
Thermon Group Holdings Inc (THR) Revenue Breakdown: Business Segments, Regional Revenue & Profit Contribution
This article provides a brief overview of Thermon Group Holdings Inc (THR)'s revenue breakdown by region. As of a recent update, the company's revenue is primarily generated from the United States and Latin America (49.96%), followed by Canada (29.97%), Europe, Middle East and Africa (12.80%), and Asia-Pacific (7.26%). The article notes that relevant data for business segment and profit contribution have not yet been disclosed by the company.
Thermon Group Holdings Inc (THR) Shareholder Structure: Major Shareholders & Institutional Holdings
This article provides a detailed breakdown of Thermon Group Holdings Inc (THR)'s shareholder structure, including its major institutional holders and their respective proportions. It also presents a historical view of institutional shareholding, showing changes in the number of institutions and shares held over recent quarters. Additionally, the report lists shareholder activity for key investors and related ETFs, offering insights into ownership trends and investment vehicles associated with THR.
[15-12G] Thermon Group Holdings, Inc. SEC Filing
This SEC filing (Form 15-12G) announces the termination of registration under Section 12(g) and suspension of duty to file reports for Thermon Group Holdings, Inc. The filing indicates the company relied on rules 12g-4(a)(1) and 12h-3(b)(1)(i). As of the certification date, there was only one holder of record.
Thermon Group Holdings Inc (THR) Shares Fall 8.5% -- What GF Sco
Thermon Group Holdings Inc (THR) shares experienced an 8.5% drop on June 16, 2026, despite significant year-to-date and annual gains. The company is deemed significantly overvalued by GuruFocus's GF Value™ at its current price of $61.14, predicting an 82.4% downside to its intrinsic value of $33.52. Its GF Score™ of 50/100 indicates average performance, with strong financial strength and profitability but very low valuation and momentum scores, and no insider transactions further suggest a cautious outlook.
Thermon Group Holdings Inc (THR) Stock Down 8.5% but Still Overvalued -- GF Score: 50/100
Shares of Thermon Group Holdings Inc (THR) fell 8.5% to $61.14 but remain significantly overvalued according to GuruFocus's GF Value™ of $33.50. The company's GF Score™ is 50/100, with strong financial strength and profitability but very low valuation and momentum scores. Insiders have shown no transaction activity in the last three months.
Thermon Group Holdings Inc (THR) Stock Down 8.5% but Still Overvalued -- GF Score: 50/100
Thermon Group Holdings Inc (THR) shares recently dropped 8.5% to $61.14, despite strong year-to-date and past-year performances. GuruFocus assesses THR as significantly overvalued with a GF Value™ of $33.50, and a GF Score™ of 50/100 suggesting average overall performance. The low valuation score and lack of insider activity raise concerns about potential correction, despite strong financial strength and profitability ratings.
CECO Updates Outlook Following Thermon Acquisition Integration Progress
CECO Environmental has provided an updated outlook after acquiring Thermon Group Holdings, noting smooth integration and early synergy realization. The company forecasts 2026 revenue between $1.275 billion and $1.375 billion, and adjusted EBITDA of $195 million to $225 million, driven by strong demand in key sectors. While an analyst rates CECO as a "Buy," TipRanks’ AI Analyst, Spark, assigns a "Neutral" score due to weak cash flow and high P/E valuation, despite improved outlook and balance sheet.
CECO Environmental Provides Post-Closing Update on Thermon Transaction
CECO Environmental provided an update on its recent acquisition of Thermon Group Holdings, one week after closing. The company reported that the initial integration phase is on track, with positive reception from employees, partners, and customers, and that cost and growth synergies are already being captured. CECO also updated its full-year 2026 guidance, expecting combined revenue between $1.275 billion and $1.375 billion and Adjusted EBITDA between $195 million and $225 million.
CECO Environmental Jumps As Thermon Deal Closes, Volatility Spikes
CECO Environmental's stock jumped 18.52% after successfully closing its $2.2 billion cash-and-equity merger with Thermon Group Holdings, creating a larger industrial technology platform. Despite an earlier stock drop due to market anxiety and an ongoing fiduciary review by Halper Sadeh, investors are now focusing on the strategic upside and growth potential of the combined entity. The article highlights the volatile nature of the stock, driven by both the merger's strategic benefits and immediate concerns like dilution, integration risks, and legal scrutiny.
Thermon deal lifts CECO (Nasdaq: CECO) 2026 revenue and EBITDA guidance
CECO Environmental has updated its full-year 2026 outlook following the acquisition of Thermon Group Holdings, which closed on June 1, 2026. The company now expects 2026 revenue between $1.275 billion and $1.375 billion and Adjusted EBITDA between $195 million and $225 million, representing significant year-over-year growth. CECO also reiterates confidence in achieving at least $40 million in cost synergies from the integration and targets free cash flow of at least 55% of Adjusted EBITDA.
Thermon: Merger accelerates growth, targets $40M synergies, and expands reach in key industrial markets
Thermon's recent merger is poised to accelerate its growth, targeting $40 million in synergies and expanding its presence in crucial industrial markets like power generation and industrial water. The integration is proceeding ahead of schedule, creating a leading industrial solutions provider with a strong sales pipeline and positive growth outlook. This strategic move aims to leverage cross-selling opportunities and strengthen its market position.
CECO Environmental Provides Post-Closing Update on Thermon Transaction
CECO Environmental (Nasdaq: CECO) has provided a post-closing update on its acquisition of Thermon Group Holdings, Inc., stating that the initial integration phase is on track and delivering immediate benefits. The company updated its full-year 2026 guidance, expecting combined revenue between $1.275 billion and $1.375 billion, and Adjusted EBITDA between $195 million and $225 million, reflecting seven months of Thermon's contribution. CECO anticipates generating at least $40 million in cost synergies and projects strong orders, especially in power generation, data centers, and semiconductors.
Thermon Group Holdings, Inc. Financial Disclosures & Filings
This page provides access to Thermon Group Holdings, Inc.'s financial disclosures and regulatory filings, including earnings reports, annual and quarterly reports, investor presentations, and event transcripts. These documents offer insights into the company's performance, strategy, and corporate events, aiding informed investment decisions. The filings span from 2023 to 2026, covering various fiscal quarters and annual reports.
Merger reshapes Thermon Group (THR) CEO Bruce Thames’ equity holdings
Thermon Group's CEO, Bruce Thames, reported significant changes to his equity holdings due to Thermon's merger with CECO Environmental Corp. His 468,595 Thermon common shares were surrendered, while 78,307 shares from vested performance unit awards were received and 32,472 stock options were canceled for cash. Thames elected to receive mixed merger consideration, which included CECO common stock and cash, as his Thermon shares were converted under the merger terms.
Merger reshapes Thermon (THR) SVP Kuahara’s stock and award holdings
Thermon Group Holdings SVP Roberto Kuahara reported significant changes in his stock and performance unit awards stemming from Thermon's merger with CECO Environmental. Kuahara disposed of 59,807 Thermon shares back to the issuer but was awarded 16,269 shares via performance unit awards, with all his equity compensation transitioning to CECO awards based on the merger agreement. The transactions reflect a mechanical adjustment due to the merger terms rather than discretionary trading, with Kuahara opting for mixed cash-and-stock consideration for his Thermon shares.
Thermon (NYSE: THR) director swaps 13,643 shares in CECO merger
Thermon Group Holdings (NYSE: THR) director Angela Strzelecki disposed of 13,643 shares of common stock at $0 per share due to Thermon's merger into CECO Environmental Corp. Post-merger, Thermon is a wholly-owned CECO subsidiary, and each Thermon share was converted into various consideration options. Strzelecki elected a combination of mixed consideration (CECO stock and cash) and the all-cash option for her shares.
Thermon Group (THR) director exits 35,375 shares as CECO merger converts stock to cash and CECO shares
Thermon Group director Roger L. Fix disposed of 35,375 shares of Thermon common stock back to the issuer as part of Thermon's merger with CECO Environmental Corp. He elected the mixed consideration option, receiving 0.6840 CECO shares plus $10.00 in cash per Thermon share, resulting in zero direct holdings of Thermon stock after the transaction. This Form 4 filing reflects the mechanics of the merger rather than a discretionary trade.
Thermon (NYSE: THR) director cashes out 34,584 shares in CECO merger
Thermon Group Holdings, Inc. director Linda Dalgetty disposed of 34,584 shares in connection with a merger into CECO Environmental Corp., making Thermon a wholly-owned subsidiary of CECO. Dalgetty elected the all-cash consideration option, receiving $63.89 per share. This transaction was a disposition to the issuer as part of the merger terms, not an open-market sale, and her Thermon holdings are now zero.
Thermon (THR) director swaps 8,052 shares as company merges into CECO
Thermon Group Holdings director Victor L. Richey Jr. disposed of 8,052 shares of Thermon common stock as part of its merger with CECO Environmental Corp. In this merger, Thermon became a wholly-owned subsidiary of CECO. Richey elected to receive 0.8110 shares of CECO common stock for each Thermon share, and now holds 0 Thermon common shares.
Thermon (THR) director exchanges shares in CECO cash-stock merger
Thermon Group Holdings director George J. Marcus reported the disposition of 52,689 shares of Thermon common stock due to its merger with CECO Environmental Corp. Marcus elected to receive the mixed consideration package, which includes both CECO common shares and cash for his Thermon shares. Following the transaction, his holdings in Thermon common stock are zero.
Thermon Group Holdings (THR) CFO records merger equity conversion into CECO stock
Thermon Group Holdings' CFO Jan L. Schott reported merger-related equity changes as Thermon became a wholly-owned subsidiary of CECO Environmental Corp. The transactions involved a disposition of 35,742 shares back to the issuer and a grant of 14,014 shares, reflecting the conversion of performance and time-based equity awards into CECO stock or cash. Schott elected for all-stock consideration, with certain Thermon RSU and performance unit awards converting into CECO RSU awards based on a 0.8110 share exchange factor.
[Form 4] Thermon Group Holdings, Inc. Insider Trading Activity
Ryan Tarkington, SVP and General Counsel of Thermon Group Holdings, Inc., reported insider transactions related to the company's merger with CECO Environmental Corp. He disposed of 68,531 shares for cash and received 15,113 shares underlying performance unit awards that converted into CECO restricted stock units. Existing Thermon RSU and PU awards also converted into CECO RSUs based on an exchange ratio of 0.8110 CECO shares per Thermon share.
Equity awards shift for Thermon (THR) VP as CECO merger closes
Thermon VP and CAO Lucas Thomas Gregory reported changes in his equity holdings following the company's merger with CECO Environmental. He disposed of 19,282 Thermon shares and received 6,976 shares via a grant/award, resulting in 19,282 directly owned shares post-transaction. Gregory chose the mixed consideration option for his shares, which included CECO stock and cash, and his existing restricted stock and performance unit awards were converted into CECO restricted stock unit awards with generally preserved terms but without performance conditions for the latter.
Thermon Group (THR) Sees Options Delisting on June 2nd
Thermon Group Holdings Inc (THR) will have its options delisted on June 2nd, 2026, which may impact liquidity and trading strategies for investors. The company has a P/E ratio of 45.63x, indicating a premium valuation, and a GF Score of 76/100, driven by strong financial strength and profitability but moderate growth. Investors are advised to monitor the situation carefully due to the potential for increased volatility and the stock's high valuation.
