ExodusPoint Capital Management LP bought a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,756 shares of the technology company's stock, valued at approximately $1,173,000. ExodusPoint Capital Management LP owned 0.12% of Thermon Group as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of the business. Assetmark Inc. acquired a new stake in Thermon Group during the fourth quarter worth about $26,000. Venturi Wealth Management LLC bought a new position in shares of Thermon Group during the fourth quarter valued at approximately $47,000. AlphaQuest LLC raised its position in shares of Thermon Group by 57,825.0% during the 4th quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock worth $67,000 after purchasing an additional 2,313 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Thermon Group by 4,731.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock worth $111,000 after purchasing an additional 3,785 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Thermon Group during the 4th quarter valued at approximately $172,000. 99.76% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com lowered Thermon Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.
Get Our Latest Research Report on Thermon Group
Thermon Group Stock Performance
Thermon Group stock traded up $0.32 during midday trading on Tuesday, reaching $25.22. 11,915 shares of the stock traded hands, compared to its average volume of 169,963. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $35.93. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. The firm has a market cap of $849.49 million, a price-to-earnings ratio of 18.50 and a beta of 0.96. The firm has a fifty day moving average price of $28.24 and a two-hundred day moving average price of $28.90.
Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. On average, equities research analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.
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.
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