Goldman Sachs Group Inc. Trims Holdings in Thermon Group Holdings, Inc. $THR

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 30.6%, now owning 291,905 shares valued at approximately $8.13 million.
• Following Goldman Sachs' reduction, several other institutional investors, including Voya Investment Management and Jane Street Group, have increased their positions in Thermon Group.
• Thermon Group missed analyst earnings expectations for the last quarter, reporting $0.36 EPS against a forecast of $0.37 EPS, with revenue also falling short at $108.90 million.

Goldman Sachs Group Inc. cut its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 30.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,905 shares of the technology company's stock after selling 128,887 shares during the period. Goldman Sachs Group Inc. owned 0.88% of Thermon Group worth $8,130,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in Thermon Group by 68.9% in the 1st quarter. CWM LLC now owns 922 shares of the technology company's stock worth $26,000 after purchasing an additional 376 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Thermon Group by 3,912.0% in the 1st quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company's stock worth $28,000 after purchasing an additional 978 shares in the last quarter. State of Wyoming purchased a new stake in shares of Thermon Group during the 1st quarter worth approximately $59,000. Point72 Asset Management L.P. purchased a new stake in shares of Thermon Group during the 4th quarter worth approximately $192,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Thermon Group during the 4th quarter worth approximately $270,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Thermon Group Stock Up 2.1%

NYSE THR traded up $0.55 during trading on Tuesday, hitting $26.22. The company's stock had a trading volume of 469,952 shares, compared to its average volume of 202,069. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.49. The company has a market cap of $866.83 million, a PE ratio of 16.60 and a beta of 1.14. The business's 50 day simple moving average is $26.67 and its 200-day simple moving average is $27.24. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $33.25.

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). The business had revenue of $108.90 million during 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%.Thermon Group's revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. On average, equities analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

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.