Polar Asset Management Partners Inc. Makes New Investment in Thermon Group Holdings, Inc. $THR

Polar Asset Management Partners Inc. purchased a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,987 shares of the technology company’s stock, valued at approximately $1,915,000.

A number of other institutional investors have also modified their holdings of the company. Intech Investment Management LLC raised its holdings in shares of Thermon Group by 2.3% in the 3rd quarter. Intech Investment Management LLC now owns 14,346 shares of the technology company’s stock valued at $383,000 after buying an additional 327 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Thermon Group by 5.5% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 10,091 shares of the technology company’s stock worth $375,000 after acquiring an additional 525 shares in the last quarter. Riverpoint Wealth Management Holdings LLC boosted its holdings in Thermon Group by 1.4% during the 1st quarter. Riverpoint Wealth Management Holdings LLC now owns 52,108 shares of the technology company’s stock valued at $2,626,000 after acquiring an additional 740 shares during the period. Legal & General Group Plc grew its position in Thermon Group by 2.2% in the 3rd quarter. Legal & General Group Plc now owns 38,133 shares of the technology company’s stock valued at $1,019,000 after acquiring an additional 807 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Thermon Group by 0.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 240,903 shares of the technology company’s stock worth $8,952,000 after purchasing an additional 816 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Thermon Group Stock Performance

Shares of THR opened at $61.14 on Tuesday. The stock has a 50-day simple moving average of $62.02 and a 200-day simple moving average of $54.79. 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 stock has a market capitalization of $2.01 billion, a PE ratio of 45.63 and a beta of 0.83. Thermon Group Holdings, Inc. has a 1 year low of $23.86 and a 1 year high of $71.87.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Thermon Group had a return on equity of 13.42% and a net margin of 8.31%.The company had revenue of $148.33 million for the quarter, compared to analyst estimates of $137.85 million. During the same period in the prior year, the firm posted $0.56 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, analysts predict that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Thermon Group to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings cut shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $57.00.

About Thermon Group

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.