Thermon Group Holdings, Inc. $THR Shares Purchased by Swedbank AB

Key Points

• Swedbank AB increased its stake in Thermon Group Holdings, Inc. by 5.2%, owning approximately 653,000 shares valued at $18.34 million as of the latest SEC filing.
• Several institutional investors have also boosted their positions in Thermon Group, with Bank of America Corp. increasing its stake by 127.9% during the fourth quarter.
• Thermon Group reported quarterly earnings of $0.36 per share, missing estimates and showing a decline in year-over-year revenue by 5.4%.

Swedbank AB lifted its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 653,000 shares of the technology company's stock after purchasing an additional 32,000 shares during the period. Swedbank AB owned about 1.96% of Thermon Group worth $18,336,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted 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 purchasing an additional 376 shares during the period. GAMMA Investing LLC boosted its position in Thermon Group by 3,912.0% during the 1st quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company's stock valued at $28,000 after acquiring an additional 978 shares in the last quarter. State of Wyoming purchased a new position in shares of Thermon Group in the 1st quarter valued at $59,000. Point72 Asset Management L.P. bought a new position in shares of Thermon Group in the 4th quarter worth $192,000. Finally, ProShare Advisors LLC bought a new stake in Thermon Group during the fourth quarter valued at about $270,000. Hedge funds and other institutional investors own 99.76% of the company's stock.

Thermon Group Price Performance

THR traded down $0.46 during trading on Tuesday, hitting $27.13. The company's stock had a trading volume of 66,325 shares, compared to its average volume of 195,375. The company has a current ratio of 2.43, a quick ratio of 1.49 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $896.92 million, a price-to-earnings ratio of 17.17 and a beta of 1.14. The business's fifty day simple moving average is $26.58 and its 200 day simple moving average is $27.20. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month 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 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Thermon Group had a return on equity of 12.65% and a net margin of 10.89%.The company had revenue of $108.90 million during the quarter, compared to analysts' expectations of $122.53 million. During the same period in the previous year, the firm posted $0.38 EPS. Thermon Group'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. On average, equities research analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Analysts Set New Price Targets

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.

Thermon Group 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.