BlackRock Amends Thermon Group Holdings Stake (SC 13G/A)

Ticker: THR · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock updated its Thermon Group Holdings stake; watch for market reaction.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating a change in its ownership stake in Thermon Group Holdings, Inc. as of December 31, 2023. This filing, Amendment No. 7, updates previous disclosures about BlackRock's passive investment in Thermon's Common Stock. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence in Thermon's future performance, potentially influencing other investors' decisions.

Why It Matters

This filing shows BlackRock's updated position in Thermon Group Holdings, Inc., which can influence market perception and potentially the stock price due to BlackRock's significant market presence.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate, significant risk to the company or its shareholders.

Analyst Insight

Investors should note BlackRock's continued passive stake in Thermon Group Holdings, Inc. and monitor subsequent filings for any significant changes in ownership percentage, which could signal a shift in BlackRock's investment thesis.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 7' in the filing.

Who is the reporting person in this filing?

The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section of the header.

What is the subject company whose securities are being reported?

The subject company is Thermon Group Holdings, Inc., as indicated by 'THERMON GROUP HOLDINGS INC (Name of Issuer)' and in the 'SUBJECT COMPANY' section of the header.

What was the date of the event that required this filing?

The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.

Under which rule of the Securities Exchange Act of 1934 is this Schedule filed?

This Schedule is filed pursuant to Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)' in the filing.

From the Filing

0001086364-24-003775.txt : 20240125 0001086364-24-003775.hdr.sgml : 20240125 20240125165927 ACCESSION NUMBER: 0001086364-24-003775 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Thermon Group Holdings, Inc. CENTRAL INDEX KEY: 0001489096 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 272228185 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86698 FILM NUMBER: 24562981 BUSINESS ADDRESS: STREET 1: 7171 SOUTHWEST PARKWAY STREET 2: BUILDING 300, SUITE 200 CITY: AUSTIN STATE: TX ZIP: 78735 BUSINESS PHONE: 5126900600 MAIL ADDRESS: STREET 1: 7171 SOUTHWEST PARKWAY STREET 2: BUILDING 300, SUITE 200 CITY: AUSTIN STATE: TX ZIP: 78735 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us88362t1034_012524.txt us88362t1034_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 7) THERMON GROUP HOLDINGS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 88362T103 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 88362T103 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 2681888 (6) Shared voting power 0 (7) Sole dispositive power 2752928 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 2752928 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.2% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- THERMON GROUP HOLDINGS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 7171 SOUTHWEST PARKWAY BUILDING 300, SUITE 200 AUSTIN TX 78735 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRo

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