Thermon Group Holdings, Inc. $THR Shares Sold by Van Lanschot Kempen Investment Management N.V.

Key Points

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Van Lanschot Kempen Investment Management N.V. lowered its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 15.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund 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 approximately 4.28% of Thermon Group worth $40,173,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP grew its stake 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 buying an additional 647 shares during the last quarter. CWM LLC grew its stake 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 buying an additional 376 shares during the last quarter. GAMMA Investing LLC grew its stake 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 buying an additional 978 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Thermon Group in the 4th quarter valued at about $192,000. Finally, Commerce Bank acquired a new position in Thermon Group in the 4th quarter valued at about $269,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Analysts Set New Price Targets

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

Thermon Group Price Performance

THR stock traded up $1.62 during midday trading on Friday, reaching $26.72. The stock had a trading volume of 219,540 shares, compared to its average volume of 187,762. The company's fifty day simple moving average is $27.35 and its 200 day simple moving average is $27.63. The company has a current ratio of 2.43, a quick ratio of 1.49 and a debt-to-equity ratio of 0.23. The company has a market cap of $883.36 million, a price-to-earnings ratio of 16.91 and a beta of 1.09. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $33.25.

Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). The firm had revenue of $108.90 million during the quarter, compared to analysts' expectations of $122.53 million. Thermon Group had a net margin of 10.89% and a return on equity of 12.65%. The company's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous 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 predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal 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.