Principal Financial Group Inc. Buys 2,006 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Principal Financial Group Inc. lifted its stake in shares of Thermon Group Holdings, Inc. (NYSE:THRFree Report) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,074 shares of the technology company’s stock after acquiring an additional 2,006 shares during the quarter. Principal Financial Group Inc.’s holdings in Thermon Group were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in THR. AJOVista LLC bought a new stake in Thermon Group in the fourth quarter worth approximately $85,000. QRG Capital Management Inc. bought a new stake in Thermon Group in the fourth quarter worth approximately $238,000. Jump Financial LLC bought a new stake in Thermon Group in the fourth quarter worth approximately $276,000. Seizert Capital Partners LLC bought a new stake in Thermon Group in the fourth quarter worth approximately $287,000. Finally, Dark Forest Capital Management LP bought a new stake in Thermon Group in the third quarter worth approximately $365,000. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Trading Down 4.7 %

Shares of Thermon Group stock opened at $32.19 on Tuesday. The stock has a market capitalization of $1.09 billion, a PE ratio of 21.46 and a beta of 1.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.51. Thermon Group Holdings, Inc. has a 52 week low of $22.82 and a 52 week high of $35.93. The stock has a 50 day moving average price of $32.86 and a two-hundred day moving average price of $31.03.

Insider Activity at Thermon Group

In related news, SVP Mark John Roberts sold 2,910 shares of Thermon Group stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $33.35, for a total transaction of $97,048.50. Following the transaction, the senior vice president now owns 50,920 shares of the company’s stock, valued at $1,698,182. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Thermon Group news, Director John T. Nesser III sold 6,000 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $33.60, for a total value of $201,600.00. Following the transaction, the director now owns 57,315 shares of the company’s stock, valued at $1,925,784. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Mark John Roberts sold 2,910 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $33.35, for a total value of $97,048.50. Following the completion of the transaction, the senior vice president now directly owns 50,920 shares in the company, valued at approximately $1,698,182. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on THR shares. CJS Securities started coverage on Thermon Group in a research note on Monday, April 29th. They issued an “outperform” rating and a $42.00 price objective for the company. Roth Mkm raised their price objective on Thermon Group from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Finally, StockNews.com raised Thermon Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th.

View Our Latest Stock Analysis on Thermon Group

About Thermon Group

(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 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.

Further Reading

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Institutional Ownership by Quarter for Thermon Group (NYSE:THR)

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