Thermon Group Holdings, Inc. $THR Stock Holdings Lifted by Medina Value Partners LLC

Medina Value Partners LLC raised its position in Thermon Group Holdings, Inc. (NYSE:THR) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,043,526 shares of the technology company’s stock after purchasing an additional 56,361 shares during the quarter. Thermon Group makes up approximately 9.1% of Medina Value Partners LLC’s holdings, making the stock its biggest position. Medina Value Partners LLC’s holdings in Thermon Group were worth $38,777,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC grew its stake in Thermon Group by 2.3% in the third quarter. Intech Investment Management LLC now owns 14,346 shares of the technology company’s stock valued at $383,000 after purchasing an additional 327 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Thermon Group by 5.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 10,091 shares of the technology company’s stock valued at $375,000 after purchasing an additional 525 shares in the last quarter. Assetmark Inc. grew its stake in Thermon Group by 68.1% in the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after purchasing an additional 620 shares in the last quarter. Legal & General Group Plc grew its stake in Thermon Group by 2.2% in the third quarter. Legal & General Group Plc now owns 38,133 shares of the technology company’s stock valued at $1,019,000 after purchasing an additional 807 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Thermon Group by 0.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 240,903 shares of the technology company’s stock valued at $8,952,000 after purchasing an additional 816 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Thermon Group Stock Performance

THR opened at $61.14 on Monday. The company has a market cap of $2.01 billion, a PE ratio of 45.63 and a beta of 0.83. The stock has a 50-day moving average of $60.22 and a 200-day moving average of $49.67. Thermon Group Holdings, Inc. has a 52-week low of $23.86 and a 52-week high of $71.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.76 and a current ratio of 2.69.

Thermon Group (NYSE:THR) last released its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $148.33 million for the quarter, compared to the consensus estimate of $137.85 million. Thermon Group had a return on equity of 13.42% and a net margin of 8.31%.The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 EPS. As a group, equities research analysts forecast that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on THR. Weiss Ratings downgraded Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Roth Mkm downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Craig Hallum downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Zacks Research downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, William Blair downgraded Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. Six analysts have rated the stock with a Hold rating, According to MarketBeat, Thermon Group has an average rating of “Hold” and an average price target of $57.00.

Thermon Group Company Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.