Hotchkis & Wiley Capital Management LLC Acquires 19,130 Shares of Thermon Group Holdings, Inc. $THR

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 increased its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 462,184 shares of the technology company's stock after purchasing 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 quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of Thermon Group by 127.9% in the 4th quarter. Bank of America Corp DE now owns 73,363 shares of the technology company's stock worth $2,111,000 after purchasing an additional 41,178 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of Thermon Group in the 1st quarter worth approximately $446,000. Rhumbline Advisers raised its holdings in shares of Thermon Group by 3.7% in the 1st quarter. Rhumbline Advisers now owns 48,192 shares of the technology company's stock worth $1,342,000 after purchasing an additional 1,709 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Thermon Group by 221.6% in the 1st quarter. SG Americas Securities LLC now owns 20,346 shares of the technology company's stock worth $567,000 after purchasing an additional 14,019 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Thermon Group by 10.8% in the 4th quarter. Northern Trust Corp now owns 336,909 shares of the technology company's stock worth $9,693,000 after purchasing an additional 32,755 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Stock Down 1.7%

THR traded down $0.44 on Thursday, reaching $26.41. 167,378 shares of the company traded hands, compared to its average volume of 187,088. The stock's 50 day moving average price is $27.30 and its 200-day moving average price is $27.61. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $33.25. The company has a market cap of $872.98 million, a price-to-earnings ratio of 16.71 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 posted 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 business had revenue of $108.90 million during 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 business's revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. On average, sell-side analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.