Charles Schwab Investment Management Inc. Sells 32,685 Shares of Thermon Group Holdings, Inc. $THR

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Thermon Group Holdings by 8.0% in the first quarter, now holding approximately 1.12% of the company.
• Thermon Group reported a net loss in revenue of 5.4% year-over-year, posting $108.90 million for the recent quarter and missing analyst estimates.
• Wall Street Zen has dropped its rating on Thermon Group from a "strong-buy" to a "hold," indicating a more cautious outlook on the stock.

Charles Schwab Investment Management Inc. reduced its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 377,889 shares of the technology company's stock after selling 32,685 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.12% of Thermon Group worth $10,524,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP increased its position in Thermon Group by 314.1% in the 4th quarter. Quarry LP now owns 853 shares of the technology company's stock valued at $25,000 after acquiring an additional 647 shares during the period. CWM LLC increased its position in 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 acquiring an additional 376 shares during the period. GAMMA Investing LLC increased its position in 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 acquiring an additional 978 shares during the period. Point72 Asset Management L.P. acquired a new position in Thermon Group in the 4th quarter valued at approximately $192,000. Finally, ProShare Advisors LLC bought a new stake in shares of Thermon Group in the 4th quarter valued at $270,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Thermon Group Stock Up 0.1%

NYSE THR traded up $0.02 on Friday, hitting $26.49. 321,936 shares of the company were exchanged, compared to its average volume of 219,109. The company has a market cap of $875.89 million, a PE ratio of 16.77 and a beta of 1.09. Thermon Group Holdings, Inc. has a 12 month low of $23.05 and a 12 month high of $33.25. The stock has a fifty day moving average of $27.27 and a 200-day moving average of $27.56. The company has a current ratio of 2.43, a quick ratio of 1.49 and a debt-to-equity ratio of 0.23.

Thermon Group (NYSE:THR - Get Free Report) last issued its earnings results on Thursday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 12.65% and a net margin of 10.89%.The firm's revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. As a group, analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

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.