American Century Companies Inc. Grows Holdings in Thermon Group Holdings, Inc. $THR

American Century Companies Inc. grew its position in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 21.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,800 shares of the technology company's stock after purchasing an additional 10,874 shares during the quarter. American Century Companies Inc. owned approximately 0.18% of Thermon Group worth $1,693,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP grew its holdings 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 in the last quarter. CWM LLC grew its holdings in shares of Thermon Group by 68.9% in the first quarter. CWM LLC now owns 922 shares of the technology company's stock valued at $26,000 after purchasing an additional 376 shares during the period. GAMMA Investing LLC boosted its stake in Thermon Group by 3,912.0% during the first quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company's stock worth $28,000 after buying an additional 978 shares during the period. Point72 Asset Management L.P. purchased a new position in Thermon Group during the fourth quarter worth about $192,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Thermon Group during the fourth quarter worth about $270,000. Hedge funds and other institutional investors own 99.76% of the company's stock.

Thermon Group Trading Down 3.3%

Shares of NYSE THR traded down $0.88 on Friday, reaching $25.47. 269,500 shares of the company traded hands, compared to its average volume of 189,577. The company has a 50 day moving average of $27.16 and a 200 day moving average of $27.47. The stock has a market capitalization of $842.01 million, a PE ratio of 16.12 and a beta of 1.14. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $33.25. The company has a current ratio of 2.43, a quick ratio of 1.49 and a debt-to-equity ratio of 0.23.

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

Analyst Upgrades and Downgrades

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

Thermon Group Company 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.