Goldman Sachs Group Inc. Lowers 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. trimmed its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 30.6% in the 1st quarter, according to the company in its most recent 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 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in THR. CWM LLC raised its position in shares of 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 acquiring an additional 376 shares in the last quarter. GAMMA Investing LLC raised its position in shares of 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 acquiring an additional 978 shares in the last quarter. State of Wyoming bought a new position in shares of Thermon Group in the 1st quarter worth $59,000. Point72 Asset Management L.P. purchased a new position in Thermon Group during the 4th quarter worth $192,000. Finally, ProShare Advisors LLC purchased a new position in Thermon Group during the 4th quarter worth $270,000. 99.76% of the stock is owned by institutional investors.

Thermon Group Stock Performance

Thermon Group stock traded up $0.08 during trading hours on Friday, hitting $27.17. 131,793 shares of the stock traded hands, compared to its average volume of 192,873. 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 firm's 50 day moving average price is $26.60 and its 200-day moving average price is $27.22. The stock has a market capitalization of $898.24 million, a price-to-earnings ratio of 17.20 and a beta of 1.14. Thermon Group Holdings, Inc. has a 1 year low of $23.05 and a 1 year high of $33.25.

Thermon Group (NYSE:THR - Get Free Report) last posted 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 net margin of 10.89% and a return on equity of 12.65%. The firm had revenue of $108.90 million for the quarter, compared to analysts' expectations of $122.53 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm'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, equities analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded 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.