Strs Ohio Cuts Stake in Thermon Group Holdings, Inc. (NYSE:THR)

Strs Ohio reduced its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,100 shares of the technology company’s stock after selling 3,000 shares during the period. Strs Ohio’s holdings in Thermon Group were worth $719,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of THR. SG Americas Securities LLC purchased a new position in Thermon Group in the third quarter valued at approximately $385,000. Brown Advisory Inc. raised its stake in shares of Thermon Group by 3.1% during the third quarter. Brown Advisory Inc. now owns 976,501 shares of the technology company’s stock valued at $26,824,000 after purchasing an additional 28,946 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Thermon Group during the third quarter valued at approximately $248,000. Teacher Retirement System of Texas raised its stake in shares of Thermon Group by 21.9% during the third quarter. Teacher Retirement System of Texas now owns 51,212 shares of the technology company’s stock valued at $1,407,000 after purchasing an additional 9,187 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Thermon Group by 46.5% during the third quarter. Principal Financial Group Inc. now owns 12,068 shares of the technology company’s stock valued at $332,000 after purchasing an additional 3,829 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insider Activity

In other news, Director Roger L. Fix purchased 1,555 shares of Thermon Group 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 completion of the acquisition, the director now owns 28,273 shares in the company, valued at approximately $726,616.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Thermon Group Stock Performance

Thermon Group stock opened at $31.59 on Friday. The company has a market cap of $1.07 billion, a PE ratio of 21.94 and a beta of 1.18. The company has a fifty day moving average price of $29.83 and a two-hundred day moving average price of $29.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.22 and a quick ratio of 1.53. Thermon Group Holdings, Inc. has a 12 month low of $20.56 and a 12 month high of $34.07.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on THR. StockNews.com raised shares of Thermon Group from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Roth Mkm initiated coverage on shares of Thermon Group in a research report on Wednesday, March 6th. They set a “buy” rating and a $36.00 price target for the company.

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.