Thermon Group Holdings, Inc. $THR Shares Purchased by Atom Investors LP

Atom Investors LP grew its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 187.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,849 shares of the technology company’s stock after buying an additional 88,006 shares during the period. Atom Investors LP’s holdings in Thermon Group were worth $5,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Kemnay Advisory Services Inc. purchased a new stake in Thermon Group during the 4th quarter worth about $98,000. Captrust Financial Advisors purchased a new stake in Thermon Group during the 4th quarter worth about $234,000. Blair William & Co. IL lifted its holdings in Thermon Group by 1.6% during the 4th quarter. Blair William & Co. IL now owns 61,065 shares of the technology company’s stock worth $2,269,000 after buying an additional 963 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Thermon Group during the 4th quarter worth about $517,000. Finally, Medina Value Partners LLC lifted its holdings in Thermon Group by 5.7% during the 4th quarter. Medina Value Partners LLC now owns 1,043,526 shares of the technology company’s stock worth $38,777,000 after buying an additional 56,361 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Price Performance

Thermon Group stock opened at $61.14 on Wednesday. Thermon Group Holdings, Inc. has a fifty-two week low of $23.86 and a fifty-two 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. The company has a market capitalization of $2.01 billion, a P/E ratio of 45.63 and a beta of 0.83. The stock has a 50-day simple moving average of $60.58 and a 200-day simple moving average of $50.04.

Thermon Group (NYSE:THR) last posted its earnings results on Tuesday, May 19th. The technology company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Thermon Group had a net margin of 8.31% and a return on equity of 13.42%. The firm had revenue of $148.33 million during the quarter, compared to analysts’ expectations of $137.85 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities research analysts expect that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Craig Hallum downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Weiss Ratings downgraded Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Zacks Research downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. CJS Securities downgraded Thermon Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 25th. Finally, Wall Street Zen raised Thermon Group to a “hold” rating in a report on Saturday, May 30th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Thermon Group presently 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.