Thermon Group Holdings, Inc. $THR Shares Acquired by Hotchkis & Wiley Capital Management LLC

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Thermon Group Holdings by 4.3% in the first quarter, owning 462,184 shares valued at approximately $12.87 million.
• Thermon Group posted $0.36 earnings per share for the recent quarter, missing estimates, and reported a 5.4% decrease in revenue year-over-year.
• The company's stock has seen an increase of 6.5%, with current trading prices around $26.72 and a market capitalization of $883.50 million.

Hotchkis & Wiley Capital Management LLC lifted its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 462,184 shares of the technology company's stock after acquiring an additional 19,130 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 1.37% of Thermon Group worth $12,872,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in THR. Invesco Ltd. lifted its holdings in shares of Thermon Group by 420.1% in the 1st quarter. Invesco Ltd. now owns 269,095 shares of the technology company's stock worth $7,494,000 after acquiring an additional 217,352 shares during the last quarter. Nuveen LLC acquired a new position in shares of Thermon Group in the first quarter valued at approximately $2,577,000. Lightrock Netherlands B.V. grew its holdings in shares of Thermon Group by 42.8% in the first quarter. Lightrock Netherlands B.V. now owns 246,725 shares of the technology company's stock valued at $6,883,000 after purchasing an additional 73,948 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Thermon Group by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company's stock valued at $50,574,000 after purchasing an additional 44,137 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Thermon Group by 127.9% in the fourth quarter. Bank of America Corp DE now owns 73,363 shares of the technology company's stock valued at $2,111,000 after purchasing an additional 41,178 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Price Performance

Shares of THR stock traded down $0.03 during trading hours on Friday, hitting $26.45. The company's stock had a trading volume of 45,315 shares, compared to its average volume of 186,195. The business has a fifty day moving average of $27.28 and a 200-day moving average of $27.60. The stock has a market cap of $874.27 million, a price-to-earnings ratio of 16.74 and a beta of 1.09. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $33.25. 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 released its quarterly 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 business had revenue of $108.90 million during the quarter, compared to analyst estimates 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 for the quarter was down 5.4% compared to the same quarter last year. During the same quarter 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, equities research analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS 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.