Nuveen LLC Buys Shares of 92,526 Thermon Group Holdings, Inc. $THR

Key Points

• Nuveen LLC acquired 92,526 shares of Thermon Group Holdings, Inc. worth approximately $2.58 million during Q1, increasing its ownership to about 0.27% of the company.
• Thermon Group recently reported a loss in quarterly earnings with EPS of $0.36, falling short of the consensus estimate of $0.37, and a revenue drop of 5.4% year-over-year.
• Wall Street analysts downgraded Thermon Group from a "strong-buy" to a "hold" rating as of August 9th.

Nuveen LLC purchased a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 92,526 shares of the technology company's stock, valued at approximately $2,577,000. Nuveen LLC owned approximately 0.27% of Thermon Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in THR. CWM LLC increased its stake in shares of Thermon Group by 68.9% during the first quarter. CWM LLC now owns 922 shares of the technology company's stock worth $26,000 after buying an additional 376 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Thermon Group by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 109,898 shares of the technology company's stock worth $3,061,000 after buying an additional 631 shares during the period. Principal Financial Group Inc. increased its stake in shares of Thermon Group by 3.7% during the first quarter. Principal Financial Group Inc. now owns 17,990 shares of the technology company's stock worth $501,000 after buying an additional 639 shares during the period. Quarry LP increased its stake in shares of Thermon Group by 314.1% during the fourth quarter. Quarry LP now owns 853 shares of the technology company's stock worth $25,000 after buying an additional 647 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Thermon Group by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,977 shares of the technology company's stock worth $546,000 after buying an additional 678 shares during the period. Institutional investors and hedge funds own 99.76% of the company's stock.

Thermon Group Stock Performance

Shares of THR stock traded up $0.02 during trading hours on Friday, hitting $26.49. The stock had a trading volume of 321,936 shares, compared to its average volume of 219,109. The firm has a market capitalization of $875.89 million, a PE ratio of 16.77 and a beta of 1.09. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $33.25. The stock's 50 day moving average is $27.27 and its 200 day moving average is $27.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.49.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings results 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). Thermon Group had a return on equity of 12.65% and a net margin of 10.89%.The company had revenue of $108.90 million for the quarter, compared to analyst estimates of $122.53 million. During the same period in the prior year, the business earned $0.38 earnings per share. Thermon Group's revenue for the quarter was down 5.4% compared to the same quarter last year. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. As a group, research 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 lowered shares of Thermon Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th.

About Thermon Group

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.