FMR LLC Discloses 5.875% Stake in Thermon Group Holdings

TL;DR

**FMR LLC just revealed a 5.875% stake in Thermon Group Holdings, signaling institutional confidence.**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have disclosed a significant stake in Thermon Group Holdings, Inc. (THRM). As of December 31, 2023, FMR LLC beneficially owns 1,979,720 shares of THRM common stock, representing 5.875% of the company's outstanding shares. This filing indicates FMR LLC's continued confidence in Thermon Group Holdings, which could be a positive signal for investors, suggesting that a large institutional investor sees value in the company.

Why It Matters

This filing shows a major institutional investor, FMR LLC, has a significant ownership stake in Thermon Group Holdings, which can be seen as a vote of confidence in the company's future prospects.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of ownership by a large institutional investor and does not inherently present new risks to the company or its shareholders.

Analyst Insight

A smart investor would view this as a positive signal, indicating that a major institutional investor sees long-term value in Thermon Group Holdings, and might consider further research into the company's fundamentals.

Key Numbers

• 1,979,720 — Shares Beneficially Owned (Total shares of Thermon Group Holdings, Inc. common stock owned by FMR LLC and Abigail P. Johnson)
• 5.875% — Percent of Class (Percentage of Thermon Group Holdings, Inc. common stock owned by FMR LLC and Abigail P. Johnson)
• 20240209 — Filing Date (Date the SC 13G filing was made public)
• 88362T103 — CUSIP Number (Unique identification number for Thermon Group Holdings, Inc. common stock)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Thermon Group Holdings, Inc. (company) — issuer of the common stock
• Abigail P. Johnson (person) — reporting person, likely associated with FMR LLC
• Austin, TX (company) — location of Thermon Group Holdings, Inc.'s principal executive offices
• Boston, MA (company) — location of FMR LLC's principal business office

Forward-Looking Statements

• FMR LLC will maintain its significant stake in Thermon Group Holdings, Inc. for the foreseeable future. (FMR LLC) — medium confidence, target: 2025-02-09

FAQ

From the Filing

0000315066-24-001578.txt : 20240209 0000315066-24-001578.hdr.sgml : 20240209 20240209100523 ACCESSION NUMBER: 0000315066-24-001578 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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 SEC ACT: 1934 Act SEC FILE NUMBER: 005-86698 FILM NUMBER: 24612689 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: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G 1 filing.txt SCHEDULE 13G Amendment No.0 THERMON GROUP HLDGS INC COMMON STOCK Cusip #88362T103 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) Cusip #88362T103 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 1,976,984 Item 6: 0 Item 7: 1,979,720 Item 8: 0 Item 9: 1,979,720 Item 11: 5.875% Item 12: HC Cusip #88362T103 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 1,979,720 Item 8: 0 Item 9: 1,979,720 Item 11: 5.875% Item 12: IN Item 1(a). Name of Issuer: THERMON GROUP HLDGS INC Item 1(b). Address of Issuer's Principal Executive Offices: 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200 AUSTIN, TX 78735 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 88362T103 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 1,979,720 (b) Percent of Class: 5.875% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 1,979,720 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of THERMON GROUP HLDGS INC. No one other person's interest in the COMMON STOCK of THERMON GROUP HLDGS INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifica