Thermon Group Holdings, Inc. $THR Shares Purchased by Meros Investment Management LP

Key Points

• Meros Investment Management LP has increased its holdings in Thermon Group Holdings by 10.5%, acquiring an additional 23,493 shares to own a total of 246,177 shares, making it the firm's 7th largest position.
• The latest quarterly earnings report showed Thermon Group's EPS was $0.36, missing estimates, with revenue down 5.4% compared to the same quarter last year.
• In addition to Meros, Invesco Ltd. significantly raised its holdings by 420.1%, owning 269,095 shares after acquiring a substantial number during the first quarter.

Meros Investment Management LP increased its position in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,177 shares of the technology company's stock after purchasing an additional 23,493 shares during the quarter. Thermon Group accounts for approximately 4.0% of Meros Investment Management LP's investment portfolio, making the stock its 7th largest position. Meros Investment Management LP owned 0.73% of Thermon Group worth $6,856,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE lifted its holdings in shares of Thermon Group by 127.9% in the fourth quarter. Bank of America Corp DE now owns 73,363 shares of the technology company's stock worth $2,111,000 after acquiring an additional 41,178 shares during the last quarter. Cerity Partners LLC bought a new position in shares of Thermon Group in the first quarter worth about $446,000. Rhumbline Advisers lifted its holdings in shares of Thermon Group by 3.7% in the first quarter. Rhumbline Advisers now owns 48,192 shares of the technology company's stock worth $1,342,000 after acquiring an additional 1,709 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Thermon Group by 221.6% in the first quarter. SG Americas Securities LLC now owns 20,346 shares of the technology company's stock worth $567,000 after acquiring an additional 14,019 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Thermon Group by 10.8% in the fourth quarter. Northern Trust Corp now owns 336,909 shares of the technology company's stock worth $9,693,000 after acquiring an additional 32,755 shares during the last quarter. Institutional investors own 99.76% of the company's stock.

Analyst Ratings Changes

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

Thermon Group Stock Performance

Shares of Thermon Group stock traded up $0.0280 during trading on Thursday, hitting $25.1080. 42,478 shares of the company's stock traded hands, compared to its average volume of 186,991. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.49. Thermon Group Holdings, Inc. has a 1 year low of $23.05 and a 1 year high of $33.25. The stock has a market capitalization of $830.20 million, a P/E ratio of 15.90 and a beta of 1.09. The business has a 50-day simple moving average of $27.40 and a 200-day simple moving average of $27.64.

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 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 firm had revenue of $108.90 million during the quarter, compared to the consensus estimate of $122.53 million. During the same period in the prior year, the company posted $0.38 EPS. The firm's revenue 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, analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

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.