Swiss National Bank Lowers Holdings in Thermon Group Holdings, Inc. $THR

Swiss National Bank trimmed its position in Thermon Group Holdings, Inc. (NYSE:THR) by 1.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,300 shares of the technology company’s stock after selling 1,100 shares during the quarter. Swiss National Bank owned 0.19% of Thermon Group worth $1,819,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in THR. Raymond James Financial Inc. purchased a new stake in shares of Thermon Group in the 4th quarter worth $755,000. Barclays PLC lifted its holdings in shares of Thermon Group by 9.5% in the 4th quarter. Barclays PLC now owns 59,307 shares of the technology company’s stock worth $1,706,000 after buying an additional 5,158 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $50,574,000 after buying an additional 44,137 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Thermon Group by 9.4% in the 4th quarter. MetLife Investment Management LLC now owns 20,215 shares of the technology company’s stock worth $582,000 after buying an additional 1,729 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in shares of Thermon Group by 23.7% in the 4th quarter. Voya Investment Management LLC now owns 18,763 shares of the technology company’s stock worth $540,000 after buying an additional 3,593 shares during the period. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th.

Thermon Group Trading Up 6.5%

THR opened at $26.72 on Friday. The firm has a market cap of $883.50 million, a price-to-earnings ratio of 16.91 and a beta of 1.09. 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 Holdings, Inc. has a 12 month low of $23.05 and a 12 month high of $33.25. The stock has a fifty day moving average price of $27.34 and a 200-day moving average price of $27.63.

Thermon Group (NYSE:THR) 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 company 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 company’s revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $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 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.