Posted by admin on Jun 15th, 2022

Thermon Group Holdings, Inc. (NYSE:THR – Get Rating) CFO Kevin Fox purchased 1,580 shares of the firm’s stock in a transaction on Tuesday, June 14th. The stock was bought at an average price of $15.40 per share, for a total transaction of $24,332.00. Following the completion of the transaction, the chief financial officer now directly owns 30,285 shares in the company, valued at $466,389. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

THR stock traded up $0.34 during mid-day trading on Wednesday, hitting $15.55. The stock had a trading volume of 2,358 shares, compared to its average volume of 103,764. The company has a current ratio of 3.02, a quick ratio of 2.13 and a debt-to-equity ratio of 0.30. Thermon Group Holdings, Inc. has a 52 week low of $14.12 and a 52 week high of $20.35. The firm has a market capitalization of $518.97 million, a P/E ratio of 24.14 and a beta of 1.34. The firm has a fifty day simple moving average of $15.51 and a 200 day simple moving average of $16.65.

Thermon Group (NYSE:THR – Get Rating) last posted its earnings results on Wednesday, May 25th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. Thermon Group had a net margin of 5.99% and a return on equity of 7.51%. During the same quarter in the prior year, the firm posted $0.03 EPS. As a group, equities analysts expect that Thermon Group Holdings, Inc. will post 0.83 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on THR shares. TheStreet downgraded shares of Thermon Group from a “b-” rating to a “c” rating in a research note on Monday, June 6th. StockNews.com upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Thermon Group by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,445,440 shares of the technology company’s stock valued at $23,417,000 after acquiring an additional 30,190 shares during the period. New South Capital Management Inc. increased its stake in Thermon Group by 0.6% during the 1st quarter. New South Capital Management Inc. now owns 977,602 shares of the technology company’s stock valued at $15,837,000 after purchasing an additional 5,967 shares in the last quarter. Brown Advisory Inc. bought a new stake in shares of Thermon Group in the 1st quarter worth $10,937,000. State Street Corp grew its stake in shares of Thermon Group by 2.9% in the 1st quarter. State Street Corp now owns 661,166 shares of the technology company’s stock worth $10,711,000 after acquiring an additional 18,799 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Thermon Group by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 557,789 shares of the technology company’s stock worth $9,443,000 after buying an additional 6,078 shares during the last quarter. Institutional investors own 93.81% of the company’s stock.

Thermon Group Company Profile (Get Rating)

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries worldwide. Its products include electric heating products, such as air heaters and heating accessories, boilers and calorifiers, controlling and monitoring solutions, heat tracing systems, tank heating systems, thermostats, and system accessories, as well as band, strip, tubular, immersion, and process heaters; and gas heating products, including enclosure and explosion proof gas catalytic heaters, gas fired blowers, and has heating accessories that comprise regulators, valves, mounting brackets, and battery cables.

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