AMH Equity Ltd Has $3.17 Million Stake in Thermon Group Holdings, Inc. (NYSE:THR)

AMH Equity Ltd cut its position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 25.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,000 shares of the technology company's stock after selling 37,740 shares during the period. Thermon Group comprises 3.1% of AMH Equity Ltd's portfolio, making the stock its 9th largest holding. AMH Equity Ltd owned approximately 0.33% of Thermon Group worth $3,165,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of THR. FMR LLC lifted its holdings in 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 lifted its stake 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 valued at $39,526,000 after acquiring an additional 178,017 shares during the period. Lightrock Netherlands B.V. acquired a new position in shares of Thermon Group in the 4th quarter valued at $4,995,000. Needham Investment Management LLC raised its position in Thermon Group by 21.5% during the third quarter. Needham Investment Management LLC now owns 650,000 shares of the technology company's stock worth $19,396,000 after acquiring an additional 115,000 shares during the period. Finally, 272 Capital LP purchased a new stake in shares of Thermon Group during the third quarter worth $3,173,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Thermon Group Stock Performance

NYSE:THR traded up $0.17 during midday trading on Friday, reaching $29.49. The stock had a trading volume of 237,322 shares, compared to its average volume of 172,821. The firm has a fifty day simple moving average of $28.86 and a two-hundred day simple moving average of $29.31. Thermon Group Holdings, Inc. has a 12-month low of $25.76 and a 12-month high of $35.93. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28. The stock has a market cap of $993.52 million, a P/E ratio of 21.68 and a beta of 1.10.

Thermon Group (NYSE:THR - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, topping analysts' consensus estimates 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 analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.

Insider Transactions at Thermon Group

In related news, SVP David Buntin sold 28,137 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total transaction of $904,604.55. Following the sale, the senior vice president now directly owns 57,773 shares of the company's stock, valued at approximately $1,857,401.95. This represents a 32.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.40% of the company's stock.

Thermon Group Profile

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.