XTX Topco Ltd bought a new position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,682 shares of the technology company's stock, valued at approximately $422,000.
Other large investors also recently modified their holdings of the company. Barclays PLC raised its holdings in Thermon Group by 9.5% during the 4th quarter. Barclays PLC now owns 59,307 shares of the technology company's stock worth $1,706,000 after purchasing an additional 5,158 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in Thermon Group by 55.6% in the fourth quarter. Kennedy Capital Management LLC now owns 333,640 shares of the technology company's stock valued at $9,599,000 after acquiring an additional 119,277 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Thermon Group during the 4th quarter worth $755,000. Federated Hermes Inc. raised its position in shares of Thermon Group by 4.9% during the 4th quarter. Federated Hermes Inc. now owns 26,576 shares of the technology company's stock valued at $765,000 after acquiring an additional 1,236 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Thermon Group in the 4th quarter valued at $327,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.
Thermon Group Trading Up 0.4 %
NYSE THR traded up $0.10 during trading on Friday, reaching $26.29. 81,922 shares of the stock traded hands, compared to its average volume of 169,361. 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 quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28. The firm has a market cap of $885.71 million, a price-to-earnings ratio of 19.33 and a beta of 0.96. The stock's 50-day moving average price is $27.60 and its 200 day moving average price is $28.69.
Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. Analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.
Analyst Ratings Changes
Separately, StockNews.com cut Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.
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Thermon Group Company Profile
(
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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