Thermon Group Holdings, Inc. $THR Position Trimmed by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC has reduced its stake in Thermon Group by 7.4%, currently holding about 3.13% of the company's shares worth approximately $29.2 million.
• Institutional investors dominate Thermon Group's ownership, holding 99.76% of its stock, with various firms like GAMMA Investing LLC and Lightrock Netherlands B.V. significantly increasing their positions.
• Thermon Group reported Q2 earnings of $0.36 per share, missing expectations by $0.01, and its revenue of $108.90 million came in below the consensus estimate of $122.53 million.

William Blair Investment Management LLC decreased its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,039,795 shares of the technology company's stock after selling 82,523 shares during the period. William Blair Investment Management LLC owned about 3.13% of Thermon Group worth $29,197,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of THR. GAMMA Investing LLC grew its position in shares of Thermon Group by 3,912.0% during the first quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company's stock worth $28,000 after acquiring an additional 978 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Thermon Group by 221.6% during 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. Principal Financial Group Inc. grew its position in Thermon Group by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 17,990 shares of the technology company's stock valued at $501,000 after buying an additional 639 shares in the last quarter. Lightrock Netherlands B.V. lifted its holdings in Thermon Group by 42.8% in the 1st quarter. Lightrock Netherlands B.V. now owns 246,725 shares of the technology company's stock valued at $6,883,000 after acquiring an additional 73,948 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Thermon Group by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 109,898 shares of the technology company's stock valued at $3,061,000 after acquiring an additional 631 shares during the last quarter. Institutional investors own 99.76% of the company's stock.

Analyst Ratings Changes

THR has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Thermon Group in a research note on Wednesday, October 8th. 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. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Thermon Group has a consensus rating of "Hold".

Thermon Group Stock Down 2.8%

Shares of NYSE THR opened at $26.26 on Monday. The stock has a market cap of $868.02 million, a PE ratio of 16.62 and a beta of 1.09. The business has a fifty day moving average of $26.22 and a two-hundred day moving average of $26.89. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $33.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.49 and a current ratio of 2.43.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The company had revenue of $108.90 million for the quarter, compared to the consensus estimate of $122.53 million. Thermon Group had a net margin of 10.89% and a return on equity of 12.65%. The firm's revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 earnings per share. 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.

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.

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