Vanguard Group Inc. Has $91.21 Million Stake in Thermon Group Holdings, Inc. $THR

Key Points

• Vanguard Group Inc. has reduced its stake in Thermon Group Holdings by 3.2%, selling 108,393 shares to hold a total of 3,274,906 shares worth approximately $91.2 million.
• Thermon Group's recent quarterly earnings showed a net loss of $0.01 per share against analysts' expectations, with a reported revenue of $108.9 million, down 5.4% year-over-year.
• Analysts have downgraded Thermon Group from a "strong-buy" to a "hold" rating, reflecting concerns over its financial performance.

Vanguard Group Inc. lowered its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 3.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,274,906 shares of the technology company's stock after selling 108,393 shares during the quarter. Vanguard Group Inc. owned approximately 9.72% of Thermon Group worth $91,206,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Thermon Group by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company's stock valued at $50,574,000 after buying an additional 44,137 shares during the last quarter. Needham Investment Management LLC raised its holdings in Thermon Group by 0.8% in the 4th quarter. Needham Investment Management LLC now owns 655,000 shares of the technology company's stock valued at $18,844,000 after buying an additional 5,000 shares during the last quarter. GW&K Investment Management LLC raised its holdings in Thermon Group by 1.6% in the 1st quarter. GW&K Investment Management LLC now owns 592,262 shares of the technology company's stock valued at $16,494,000 after buying an additional 9,292 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Thermon Group by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 515,791 shares of the technology company's stock valued at $14,839,000 after buying an additional 1,726 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Thermon Group by 10.8% in the 4th quarter. Northern Trust Corp now owns 336,909 shares of the technology company's stock valued at $9,693,000 after buying an additional 32,755 shares during the last quarter. Institutional investors own 99.76% of the company's stock.

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 report on Saturday, August 9th.

Thermon Group Trading Down 1.7%

Shares of NYSE THR traded down $0.44 during midday trading on Thursday, reaching $26.41. The stock had a trading volume of 167,378 shares, compared to its average volume of 216,898. The firm has a market cap of $872.98 million, a price-to-earnings ratio of 16.71 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 debt-to-equity ratio of 0.23, a quick ratio of 1.49 and a current ratio of 2.43. The company's 50 day moving average price is $27.28 and its 200 day moving average price is $27.60.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.36 earnings per share (EPS) 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 analyst estimates 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 for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the firm 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 year.

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.