Thermon Group Holdings, Inc. $THR Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Thermon Group Holdings, Inc. by 420.1% during Q1, now holding approximately 0.80% of the company worth $7.49 million.
• The company reported a missed earnings per share of $0.36 for the last quarter, falling short of estimates, with quarterly revenue down by 5.4% year-over-year.
• Shares of Thermon Group were opened at $26.05, with a 52-week range between $23.05 and $33.25, and currently have a market cap of $861.28 million.

Invesco Ltd. lifted its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 420.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,095 shares of the technology company's stock after purchasing an additional 217,352 shares during the period. Invesco Ltd. owned about 0.80% of Thermon Group worth $7,494,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quarry LP grew its stake in shares of Thermon Group by 314.1% in the 4th quarter. Quarry LP now owns 853 shares of the technology company's stock worth $25,000 after purchasing an additional 647 shares during the last quarter. CWM LLC grew its stake 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 last quarter. GAMMA Investing LLC grew its stake 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 worth $28,000 after purchasing an additional 978 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Thermon Group in the 4th quarter worth approximately $192,000. Finally, ProShare Advisors LLC acquired a new position in shares of Thermon Group in the 4th quarter worth approximately $270,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Thermon Group Stock Performance

Shares of THR opened at $26.0520 on Tuesday. Thermon Group Holdings, Inc. has a one year low of $23.05 and a one year high of $33.25. The company has a 50-day moving average of $27.32 and a two-hundred day moving average of $27.62. The stock has a market cap of $861.28 million, a price-to-earnings ratio of 16.49 and a beta of 1.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.49.

Thermon Group (NYSE:THR - Get Free Report) last announced its 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). The firm had revenue of $108.90 million during the quarter, compared to analyst estimates of $122.53 million. Thermon Group had a return on equity of 12.65% and a net margin of 10.89%.The business's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. On average, equities research analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

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

Thermon Group Company 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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