11,319 Shares in Thermon Group Holdings, Inc. $THR Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC acquired a new position in Thermon Group Holdings, Inc., purchasing 11,319 shares valued at approximately $315,000.
• Thermon Group reported a monthly revenue decline of 5.4%, with earnings per share of $0.36, missing consensus estimates.
• The company's stock has a market capitalization of $868.49 million and is currently priced at $26.27 per share.

Jump Financial LLC acquired a new stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,319 shares of the technology company's stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC grew its position in Thermon Group by 68.9% during the 1st 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 last quarter. Bank of New York Mellon Corp lifted its stake in shares of Thermon Group by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 109,898 shares of the technology company's stock worth $3,061,000 after purchasing an additional 631 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Thermon Group by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 17,990 shares of the technology company's stock worth $501,000 after purchasing an additional 639 shares during the period. Quarry LP increased its holdings in Thermon Group by 314.1% in the 4th quarter. Quarry LP now owns 853 shares of the technology company's stock worth $25,000 after acquiring an additional 647 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Thermon Group by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,977 shares of the technology company's stock worth $546,000 after acquiring an additional 678 shares during the period. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Stock Down 3.3%

Thermon Group stock traded down $0.88 during trading hours on Friday, reaching $25.47. The stock had a trading volume of 269,500 shares, compared to its average volume of 189,577. The company has a market cap of $842.01 million, a price-to-earnings ratio of 16.12 and a beta of 1.14. 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 business's 50 day moving average price is $27.16 and its 200-day moving average price is $27.47. Thermon Group Holdings, Inc. has a 52 week low of $23.05 and a 52 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 analysts' consensus estimates of $0.37 by ($0.01). The business had revenue of $108.90 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. Sell-side analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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.