Van Lanschot Kempen Investment Management N.V. Sells 271,332 Shares of Thermon Group Holdings, Inc. $THR

Key Points

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Van Lanschot Kempen Investment Management N.V. cut its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 15.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,442,470 shares of the technology company's stock after selling 271,332 shares during the period. Van Lanschot Kempen Investment Management N.V. owned 4.28% of Thermon Group worth $40,173,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in THR. CWM LLC increased its stake in shares of Thermon Group by 68.9% in the first quarter. CWM LLC now owns 922 shares of the technology company's stock worth $26,000 after purchasing an additional 376 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Thermon Group by 0.6% during the first 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 in the last quarter. Principal Financial Group Inc. grew its stake in Thermon Group by 3.7% during the first quarter. Principal Financial Group Inc. now owns 17,990 shares of the technology company's stock valued at $501,000 after acquiring an additional 639 shares in the last quarter. Quarry LP grew its stake in Thermon Group by 314.1% during the fourth quarter. Quarry LP now owns 853 shares of the technology company's stock valued at $25,000 after acquiring an additional 647 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Thermon Group by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,977 shares of the technology company's stock valued at $546,000 after acquiring an additional 678 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Thermon Group Trading Up 6.5%

Shares of Thermon Group stock traded up $1.62 during trading on Friday, hitting $26.72. The stock had a trading volume of 219,540 shares, compared to its average volume of 212,094. The firm's fifty day simple moving average is $27.34 and its 200-day simple moving average is $27.64. The stock has a market cap of $883.36 million, a PE ratio of 16.91 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 Holdings, Inc. has a 12 month low of $23.05 and a 12 month high of $33.25.

Thermon Group (NYSE:THR - Get Free Report) last released 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 firm 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%.Thermon Group's revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. As a group, sell-side analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS 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.