272 Capital LP acquired a new position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 106,318 shares of the technology company's stock, valued at approximately $3,173,000. Thermon Group comprises 1.6% of 272 Capital LP's investment portfolio, making the stock its 24th largest holding. 272 Capital LP owned approximately 0.32% of Thermon Group as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of THR. FMR LLC raised its position in shares of Thermon Group by 10.0% during the 3rd quarter. FMR LLC now owns 2,186,280 shares of the technology company's stock valued at $65,239,000 after buying an additional 198,642 shares in the last quarter. Wellington Management Group LLP grew its position in Thermon Group by 15.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company's stock worth $39,526,000 after acquiring an additional 178,017 shares during the last quarter. Geode Capital Management LLC increased its stake in Thermon Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 772,597 shares of the technology company's stock worth $23,059,000 after purchasing an additional 8,910 shares during the period. State Street Corp lifted its position in Thermon Group by 0.8% in the third quarter. State Street Corp now owns 769,187 shares of the technology company's stock valued at $22,953,000 after purchasing an additional 5,882 shares during the last quarter. Finally, Needham Investment Management LLC boosted its stake in shares of Thermon Group by 21.5% during the third quarter. Needham Investment Management LLC now owns 650,000 shares of the technology company's stock valued at $19,396,000 after purchasing an additional 115,000 shares during the period. 99.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Thermon Group from a "hold" rating to a "buy" rating in a report on Saturday, September 14th.
Read Our Latest Research Report on THR
Thermon Group Stock Down 0.1 %
Shares of NYSE:THR traded down $0.03 during midday trading on Friday, reaching $32.00. The company's stock had a trading volume of 190,675 shares, compared to its average volume of 195,527. The company has a quick ratio of 1.85, a current ratio of 2.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.08 billion, a P/E ratio of 25.02 and a beta of 1.10. The firm has a 50 day moving average of $29.53 and a 200-day moving average of $30.06. Thermon Group Holdings, Inc. has a 12-month low of $23.76 and a 12-month high of $35.93.
Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. The company had revenue of $114.60 million during the quarter, compared to the consensus estimate of $116.19 million. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, research analysts anticipate that Thermon Group Holdings, Inc. will post 1.79 earnings per share for the current year.
Insiders Place Their Bets
In other news, SVP David Buntin sold 28,137 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $32.15, for a total transaction of $904,604.55. Following the completion of the transaction, the senior vice president now owns 57,773 shares in the company, valued at $1,857,401.95. This trade represents a 32.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.40% of the stock is owned by company insiders.
About Thermon Group
(
Free Report)
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.
See Also
Before you consider Thermon Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Thermon Group wasn't on the list.
While Thermon Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
