Raymond James Financial Inc. Makes New $755,000 Investment in Thermon Group Holdings, Inc. (NYSE:THR)

Raymond James Financial Inc. bought a new position in Thermon Group Holdings, Inc. (NYSE:THR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,259 shares of the technology company’s stock, valued at approximately $755,000. Raymond James Financial Inc. owned about 0.08% of Thermon Group at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Lightrock Netherlands B.V. acquired a new stake in Thermon Group in the fourth quarter valued at approximately $4,995,000. First Eagle Investment Management LLC lifted its stake in shares of Thermon Group by 16.7% in the 4th quarter. First Eagle Investment Management LLC now owns 319,411 shares of the technology company’s stock valued at $9,189,000 after acquiring an additional 45,800 shares during the last quarter. Barclays PLC boosted its holdings in shares of Thermon Group by 312.1% during the 3rd quarter. Barclays PLC now owns 54,149 shares of the technology company’s stock valued at $1,616,000 after acquiring an additional 41,009 shares in the last quarter. ExodusPoint Capital Management LP bought a new stake in Thermon Group during the 4th quarter worth $1,173,000. Finally, Diamond Hill Capital Management Inc. increased its holdings in Thermon Group by 76.6% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 68,201 shares of the technology company’s stock worth $1,962,000 after purchasing an additional 29,575 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

Thermon Group Trading Up 0.1 %

Shares of NYSE THR opened at $27.56 on Wednesday. The firm has a 50 day moving average price of $27.20 and a two-hundred day moving average price of $28.59. The stock has a market cap of $928.33 million, a P/E ratio of 20.26 and a beta of 1.07. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $35.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56.

Thermon Group (NYSE:THR) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. As a group, equities analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

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 offers 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.