Janney Montgomery Scott LLC Invests $363,000 in Thermon Group Holdings, Inc. $THR

Key Points

• Janney Montgomery Scott LLC has invested $363,000 in Thermon Group Holdings, acquiring approximately 12,923 shares during the second quarter.
• Thermon Group reported a net margin of 10.89% and earnings of $0.36 per share, missing analysts' estimates while experiencing a 5.4% revenue decline compared to the previous year.
• Analyst ratings for Thermon Group have shifted, with Wall Street Zen downgrading the stock from a "strong-buy" to a "hold" rating, reflecting a cautious outlook.

Janney Montgomery Scott LLC acquired a new position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,923 shares of the technology company's stock, valued at approximately $363,000.

A number of other large investors also recently modified their holdings of the company. CWM LLC raised its holdings 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 purchasing an additional 376 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Thermon Group by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 109,898 shares of the technology company's stock valued at $3,061,000 after buying an additional 631 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Thermon Group by 3.7% in the first quarter. Principal Financial Group Inc. now owns 17,990 shares of the technology company's stock valued at $501,000 after buying an additional 639 shares in the last quarter. Commerce Bank grew its stake in shares of Thermon Group by 8.1% in the first quarter. Commerce Bank now owns 10,105 shares of the technology company's stock valued at $281,000 after buying an additional 755 shares in the last quarter. Finally, Riverpoint Wealth Management Holdings LLC grew its stake in shares of Thermon Group by 1.7% in the first quarter. Riverpoint Wealth Management Holdings LLC now owns 48,687 shares of the technology company's stock valued at $1,356,000 after buying an additional 825 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Price Performance

Shares of NYSE THR opened at $26.26 on Friday. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $33.25. The business has a 50 day moving average price of $26.22 and a two-hundred day moving average price of $26.88. The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. The firm has a market cap of $868.02 million, a PE ratio of 16.62 and a beta of 1.09.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Thermon Group had a net margin of 10.89% and a return on equity of 12.65%. The business had revenue of $108.90 million for the quarter, compared to analyst estimates of $122.53 million. During the same quarter last year, the business earned $0.38 EPS. 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. Sell-side analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

THR has been the subject of a number of recent research reports. Wall Street Zen lowered Thermon Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Thermon Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Thermon Group has an average rating of "Hold".

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.

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