Thermon Group Holdings, Inc. (NYSE:THR - Get Free Report) SVP David Buntin sold 28,137 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 57,773 shares in the company, valued at $1,857,401.95. This represents a 32.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Thermon Group Price Performance
Shares of NYSE THR traded down $0.03 during trading hours on Friday, reaching $32.00. 190,675 shares of the stock traded hands, compared to its average volume of 195,527. The company's 50-day simple moving average is $29.53 and its two-hundred day simple moving average is $30.06. The company has a market capitalization of $1.08 billion, a P/E ratio of 25.02 and a beta of 1.10. Thermon Group Holdings, Inc. has a 52-week low of $23.76 and a 52-week high of $35.93. The company has a quick ratio of 1.85, a current ratio of 2.80 and a debt-to-equity ratio of 0.29.
Thermon Group (NYSE:THR - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. The firm had revenue of $114.60 million for the quarter, compared to the consensus estimate of $116.19 million. During the same period last year, the firm posted $0.49 earnings per share. The business's revenue was down 7.4% compared to the same quarter last year. Equities research analysts forecast that Thermon Group Holdings, Inc. will post 1.79 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Comerica Bank raised its holdings in Thermon Group by 8,193.5% during the 1st quarter. Comerica Bank now owns 12,855 shares of the technology company's stock valued at $421,000 after buying an additional 12,700 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Thermon Group by 9.8% during the second quarter. QRG Capital Management Inc. now owns 6,838 shares of the technology company's stock worth $210,000 after purchasing an additional 608 shares during the period. SG Americas Securities LLC bought a new stake in shares of Thermon Group in the second quarter worth about $504,000. Swedbank AB increased its holdings in Thermon Group by 2.6% during the 2nd quarter. Swedbank AB now owns 635,000 shares of the technology company's stock valued at $19,533,000 after purchasing an additional 16,000 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in Thermon Group by 169.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 200,354 shares of the technology company's stock valued at $6,163,000 after purchasing an additional 125,903 shares during the last quarter. 99.76% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Thermon Group from a "hold" rating to a "buy" rating in a research report on Saturday, September 14th.
Check Out Our Latest Analysis on THR
About Thermon Group
(
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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.
Further Reading
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