Thermon Group Holdings, Inc. $THR is EntryPoint Capital LLC's Largest Position

Key Points

• EntryPoint Capital LLC increased its position in Thermon Group Holdings, Inc. by 111.6%, making it the company's largest holding at approximately $1,135,000.
• Thermon Group reported $0.36 EPS in its latest earnings call, falling short of analysts' consensus estimates of $0.37 EPS, with quarterly revenue down 5.4% year-over-year.
• Approximately 99.76% of Thermon Group's stock is owned by hedge funds and institutional investors, indicating significant institutional interest in the company.

EntryPoint Capital LLC lifted its position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 111.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,738 shares of the technology company's stock after purchasing an additional 21,484 shares during the quarter. Thermon Group comprises 0.5% of EntryPoint Capital LLC's holdings, making the stock its largest position. EntryPoint Capital LLC owned approximately 0.12% of Thermon Group worth $1,135,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. CWM LLC grew its holdings in Thermon Group by 68.9% in the first 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 period. Bank of New York Mellon Corp grew its holdings in 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 purchasing an additional 631 shares during the period. Principal Financial Group Inc. grew its holdings in 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 purchasing an additional 639 shares during the period. Quarry LP grew its holdings in Thermon Group by 314.1% in the fourth quarter. Quarry LP now owns 853 shares of the technology company's stock valued at $25,000 after purchasing an additional 647 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Thermon Group by 3.7% in 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 purchasing an additional 678 shares during the period. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Stock Performance

Shares of NYSE:THR opened at $25.3330 on Wednesday. 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 $27.46 and its 200-day moving average price is $27.66. The firm has a market capitalization of $837.51 million, a PE ratio of 16.03 and a beta of 1.09. Thermon Group Holdings, Inc. has a 1 year low of $23.05 and a 1 year high of $33.25.

Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.36 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $122.53 million. During the same quarter in the previous year, the business posted $0.38 EPS. The business's quarterly 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, equities research analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Thermon Group from a "strong-buy" rating to a "hold" rating in a 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.

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