Aster Capital Management DIFC Ltd Takes Position in Thermon Group Holdings, Inc. $THR

Aster Capital Management DIFC Ltd purchased a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR) during the fourth quarter, Holdings Channel reports. The firm purchased 13,923 shares of the technology company’s stock, valued at approximately $517,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC boosted its stake in Thermon Group by 2.3% during the 3rd quarter. Intech Investment Management LLC now owns 14,346 shares of the technology company’s stock worth $383,000 after purchasing an additional 327 shares during the period. State Board of Administration of Florida Retirement System increased its position in Thermon Group by 5.5% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 10,091 shares of the technology company’s stock valued at $375,000 after acquiring an additional 525 shares during the period. Assetmark Inc. raised its stake in Thermon Group by 68.1% during the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after acquiring an additional 620 shares during the last quarter. Legal & General Group Plc lifted its position in Thermon Group by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 38,133 shares of the technology company’s stock worth $1,019,000 after acquiring an additional 807 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Thermon Group by 0.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 240,903 shares of the technology company’s stock worth $8,952,000 after acquiring an additional 816 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

THR has been the topic of a number of recent research reports. Roth Mkm lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. William Blair cut shares of Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. Craig Hallum downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. CJS Securities cut shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings downgraded shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $57.00.

Thermon Group Stock Performance

NYSE:THR opened at $61.14 on Tuesday. The stock has a fifty day moving average price of $60.40 and a two-hundred day moving average price of $49.86. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 45.63 and a beta of 0.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.76 and a current ratio of 2.69. Thermon Group Holdings, Inc. has a 1 year low of $23.86 and a 1 year high of $71.87.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $148.33 million during the quarter, compared to analysts’ expectations of $137.85 million. Thermon Group had a return on equity of 13.42% and a net margin of 8.31%.The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. As a group, sell-side analysts anticipate that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

About Thermon Group

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.