AJOVista LLC Takes Position in Thermon Group Holdings, Inc. (NYSE:THR)

AJOVista LLC bought a new stake in Thermon Group Holdings, Inc. (NYSE:THR) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,596 shares of the technology company’s stock, valued at approximately $85,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Thermon Group during the third quarter valued at approximately $248,000. Premier Fund Managers Ltd bought a new stake in Thermon Group during the 3rd quarter valued at $254,000. Principal Financial Group Inc. raised its holdings in Thermon Group by 46.5% during the third quarter. Principal Financial Group Inc. now owns 12,068 shares of the technology company’s stock worth $332,000 after buying an additional 3,829 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Thermon Group in the 3rd quarter valued at about $365,000. Finally, SG Americas Securities LLC bought a new stake in Thermon Group during the third quarter worth $385,000. 99.76% of the stock is owned by institutional investors.

Thermon Group Price Performance

Thermon Group stock traded down $0.10 during mid-day trading on Friday, hitting $32.74. 225,044 shares of the company traded hands, compared to its average volume of 168,990. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.22. Thermon Group Holdings, Inc. has a one year low of $20.56 and a one year high of $34.07. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 22.74 and a beta of 1.17. The stock has a fifty day moving average price of $30.48 and a 200-day moving average price of $30.20.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Thursday, February 1st. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.09. The firm had revenue of $136.43 million during the quarter, compared to analyst estimates of $128.22 million. Thermon Group had a return on equity of 14.60% and a net margin of 10.05%. On average, equities analysts predict that Thermon Group Holdings, Inc. will post 1.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

THR has been the topic of several analyst reports. CJS Securities began coverage on shares of Thermon Group in a report on Monday, April 29th. They set an “outperform” rating and a $42.00 price target on the stock. Roth Mkm began coverage on Thermon Group in a research note on Wednesday, March 6th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, StockNews.com upgraded Thermon Group from a “hold” rating to a “buy” rating in a research note on Saturday.

Insider Transactions at Thermon Group

In related news, Director Roger L. Fix bought 1,555 shares of the stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $25.70 per share, with a total value of $39,963.50. Following the purchase, the director now owns 28,273 shares in the company, valued at approximately $726,616.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Thermon Group Company 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 provides 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.