45,908 Shares in Thermon Group Holdings, Inc. $THR Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP has acquired 45,908 shares of Thermon Group, valued at approximately $1.27 million, representing about 0.14% of the company's stock.
• Thermon Group's stock recently experienced a 3.3% decline and reported disappointing earnings with a quarterly revenue of $108.90 million, falling short of the expected $122.53 million.
• Wall Street analysts downgraded Thermon Group from a "strong-buy" to a "hold" rating, reflecting a bearish outlook on the stock.

Trexquant Investment LP purchased a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,908 shares of the technology company's stock, valued at approximately $1,279,000. Trexquant Investment LP owned approximately 0.14% of Thermon Group as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in THR. Invesco Ltd. boosted its holdings in shares of Thermon Group by 420.1% in the 1st quarter. Invesco Ltd. now owns 269,095 shares of the technology company's stock valued at $7,494,000 after buying an additional 217,352 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Thermon Group in the 1st quarter valued at approximately $2,577,000. Lightrock Netherlands B.V. boosted its holdings in shares of Thermon Group by 42.8% in the 1st quarter. Lightrock Netherlands B.V. now owns 246,725 shares of the technology company's stock valued at $6,883,000 after buying an additional 73,948 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Thermon Group by 127.9% in the 4th quarter. Bank of America Corp DE now owns 73,363 shares of the technology company's stock valued at $2,111,000 after buying an additional 41,178 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Thermon Group by 10.8% in the 4th quarter. Northern Trust Corp now owns 336,909 shares of the technology company's stock valued at $9,693,000 after buying an additional 32,755 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Thermon Group Stock Performance

THR stock traded up $1.12 during trading hours on Thursday, hitting $26.10. 183,805 shares of the stock were exchanged, compared to its average volume of 197,983. The company has a current ratio of 2.43, a quick ratio of 1.49 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $863.00 million, a P/E ratio of 16.52 and a beta of 1.14. The company has a 50-day simple moving average of $26.83 and a two-hundred day simple moving average of $27.33. Thermon Group Holdings, Inc. has a 12 month low of $23.05 and a 12 month high of $33.25.

Thermon Group (NYSE:THR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $108.90 million for the quarter, compared to the consensus estimate of $122.53 million. Thermon Group had a return on equity of 12.65% and a net margin of 10.89%.The firm's quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. On average, analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Thermon Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th.

Thermon Group Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.