EntryPoint Capital LLC Buys 21,484 Shares of Thermon Group Holdings, Inc. $THR

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 grew its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 111.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 40,738 shares of the technology company's stock after buying an additional 21,484 shares during the quarter. Thermon Group accounts for approximately 0.5% of EntryPoint Capital LLC's portfolio, making the stock its biggest position. EntryPoint Capital LLC owned approximately 0.12% of Thermon Group worth $1,135,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in THR. Quarry LP lifted its stake in Thermon Group by 314.1% in the fourth quarter. Quarry LP now owns 853 shares of the technology company's stock worth $25,000 after acquiring an additional 647 shares during the last quarter. CWM LLC increased 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 valued at $26,000 after purchasing an additional 376 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Thermon Group by 3,912.0% in the 1st quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company's stock valued at $28,000 after purchasing an additional 978 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Thermon Group during the 4th quarter worth $192,000. Finally, Commerce Bank purchased a new stake in shares of Thermon Group during the 4th quarter worth $269,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Thermon Group Stock Performance

THR traded down $0.1750 on Monday, reaching $26.5050. The company had a trading volume of 35,225 shares, compared to its average volume of 186,775. The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. 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 $876.26 million, a PE ratio of 16.78 and a beta of 1.09. The stock has a 50-day moving average price of $27.34 and a 200-day moving average price 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 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 firm had revenue of $108.90 million for the quarter, compared to analyst estimates of $122.53 million. During the same quarter last year, the firm posted $0.38 EPS. The firm's revenue for the quarter was down 5.4% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. As a group, research analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

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.