PDT Partners LLC Sells 19,766 Shares of Thermon Group Holdings, Inc. $THR

Key Points

• PDT Partners LLC reduced its stake in Thermon Group Holdings, Inc. by 40.8% in Q1, owning 28,633 shares worth approximately $797,000 after selling 19,766 shares.
• Thermon Group's recent quarterly earnings report showed $0.36 EPS, missing estimates, with revenue down 5.4% year-over-year at $108.90 million.
• Wall Street Zen downgraded Thermon Group from a "strong-buy" to a "hold" rating on August 9th.

PDT Partners LLC trimmed its position in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 40.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,633 shares of the technology company's stock after selling 19,766 shares during the period. PDT Partners LLC owned 0.08% of Thermon Group worth $797,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of 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 acquiring an additional 376 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Thermon Group by 0.6% during 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 acquiring an additional 631 shares during the last quarter. Principal Financial Group Inc. lifted its position in Thermon Group by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,990 shares of the technology company's stock worth $501,000 after acquiring an additional 639 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Thermon Group by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,977 shares of the technology company's stock valued at $546,000 after buying an additional 678 shares during the last quarter. Finally, Commerce Bank raised its position in shares of Thermon Group by 8.1% during 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 during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Price Performance

Thermon Group stock traded down $0.72 during trading hours on Tuesday, hitting $24.65. 46,167 shares of the stock were exchanged, compared to its average volume of 188,602. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.49 and a current ratio of 2.43. The stock has a market capitalization of $815.05 million, a P/E ratio of 15.65 and a beta of 1.14. Thermon Group Holdings, Inc. has a 12 month low of $23.05 and a 12 month high of $33.25. The business's 50-day moving average is $27.05 and its two-hundred day moving average is $27.39.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The technology company reported $0.36 EPS 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 company had revenue of $108.90 million for the quarter, compared to the consensus estimate of $122.53 million. During the same period last year, the company earned $0.38 earnings per share. 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. Equities research 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 lowered shares of Thermon Group from a "strong-buy" rating to a "hold" rating in a research report 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.