Goldman Sachs Group Inc. Lowers Stock Position in Thermon Group Holdings, Inc. $THR

Goldman Sachs Group Inc. lessened its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 30.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 291,905 shares of the technology company’s stock after selling 128,887 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Thermon Group were worth $8,130,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CWM LLC lifted its position in shares of Thermon Group by 68.9% during 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. GAMMA Investing LLC lifted its position in shares of Thermon Group by 3,912.0% during the first quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock worth $28,000 after purchasing an additional 978 shares in the last quarter. State of Wyoming acquired a new stake in shares of Thermon Group during the first quarter worth about $59,000. Point72 Asset Management L.P. acquired a new stake in shares of Thermon Group during the fourth quarter worth about $192,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Thermon Group during the fourth quarter worth about $270,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Stock Down 2.2%

Shares of NYSE:THR opened at $25.52 on Friday. The firm’s 50 day moving average price is $26.76 and its 200 day moving average price is $27.29. The stock has a market cap of $843.53 million, a price-to-earnings ratio of 16.15 and a beta of 1.14. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $33.25. The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23.

Thermon Group (NYSE:THR) last issued its earnings results on Thursday, August 7th. The technology company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Thermon Group had a net margin of 10.89% and a return on equity of 12.65%. The firm had revenue of $108.90 million during the quarter, compared to analyst estimates of $122.53 million. During the same period last year, the business earned $0.38 EPS. The firm’s revenue was down 5.4% compared to the same quarter last year. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. As a group, equities research analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.