Thermon Group (NYSE:THR) Stock Acquired Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Thermon Group Holdings, Inc. NYSE: THR. In a filing disclosed on January 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Thermon Group stock on December 6th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Block NYSE: SQ on 12/30/2024.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 12/30/2024.
• Sold $1,001 - $15,000 in shares of Ambev NYSE: ABEV on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Grupo Financiero Banorte OTCMKTS: GBOOY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Cadre NYSE: CDRE on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Coloplast A/S OTCMKTS: CLPBY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 12/23/2024.
• Sold $1,001 - $15,000 in shares of Trane Technologies NYSE: TT on 12/23/2024.
• Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 12/20/2024.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/19/2024.

Thermon Group Price Performance

Thermon Group stock traded up $0.21 during mid-day trading on Thursday, hitting $29.16. The stock had a trading volume of 106,201 shares, compared to its average volume of 115,640. The company has a current ratio of 2.80, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. The firm's 50 day moving average is $30.13 and its 200 day moving average is $29.74. The firm has a market capitalization of $982.47 million, a P/E ratio of 22.78 and a beta of 1.11. Thermon Group Holdings, Inc. has a one year low of $23.76 and a one year high of $35.93.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.03. The firm had revenue of $114.60 million during the quarter, compared to analyst estimates of $116.19 million. Thermon Group had a return on equity of 12.08% and a net margin of 8.89%. The business's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, sell-side analysts forecast that Thermon Group Holdings, Inc. will post 1.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Thermon Group

In other Thermon Group news, SVP David Buntin sold 28,137 shares of the stock in a transaction on Thursday, December 12th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Thermon Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC grew its stake in Thermon Group by 2,375.0% during the second quarter. Quest Partners LLC now owns 1,089 shares of the technology company's stock valued at $33,000 after acquiring an additional 1,045 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Thermon Group during the 2nd quarter valued at about $40,000. Mercer Global Advisors Inc. ADV grew its position in shares of Thermon Group by 9.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,017 shares of the technology company's stock valued at $216,000 after purchasing an additional 613 shares in the last quarter. Dark Forest Capital Management LP increased its holdings in shares of Thermon Group by 71.3% in the second quarter. Dark Forest Capital Management LP now owns 12,936 shares of the technology company's stock worth $398,000 after purchasing an additional 5,384 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Thermon Group in the third quarter worth about $481,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Thermon Group

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.