Posted by admin on Jul 17th, 2022
Assenagon Asset Management S.A. boosted its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR – Get Rating) by 77.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,116 shares of the technology company’s stock after buying an additional 27,027 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.19% of Thermon Group worth $1,006,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Thermon Group by 112.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,200 shares of the technology company’s stock valued at $100,000 after buying an additional 3,286 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Thermon Group by 54.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 14,632 shares of the technology company’s stock worth $248,000 after purchasing an additional 5,148 shares during the last quarter. Alpha Paradigm Partners LLC grew its holdings in Thermon Group by 20.5% in the fourth quarter. Alpha Paradigm Partners LLC now owns 16,230 shares of the technology company’s stock worth $275,000 after purchasing an additional 2,760 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Thermon Group in the fourth quarter worth $438,000. Finally, UBS Asset Management Americas Inc. grew its holdings in Thermon Group by 28.2% in the third quarter. UBS Asset Management Americas Inc. now owns 35,301 shares of the technology company’s stock worth $611,000 after purchasing an additional 7,757 shares during the last quarter. 93.81% of the stock is owned by hedge funds and other institutional investors.
In other Thermon Group news, Director John T. Nesser III bought 3,637 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was bought at an average cost of $15.55 per share, for a total transaction of $56,555.35. Following the completion of the transaction, the director now directly owns 46,500 shares of the company’s stock, valued at approximately $723,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Thermon Group news, Director John T. Nesser III bought 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The stock was bought at an average cost of $16.35 per share, for a total transaction of $57,225.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $817,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Nesser III bought 3,637 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were acquired at an average price of $15.55 per share, with a total value of $56,555.35. Following the completion of the transaction, the director now directly owns 46,500 shares of the company’s stock, valued at $723,075. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 11,867 shares of company stock worth $186,906. Company insiders own 1.30% of the company’s stock.
NYSE:THR opened at $14.04 on Friday. Thermon Group Holdings, Inc. has a 12 month low of $13.26 and a 12 month high of $20.35. The firm has a fifty day simple moving average of $14.98 and a 200-day simple moving average of $16.25. The company has a current ratio of 3.02, a quick ratio of 2.13 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $469.92 million, a P/E ratio of 22.29 and a beta of 1.33.
Thermon Group (NYSE:THR – Get Rating) last posted its quarterly earnings data 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 company earned $0.03 earnings per share. On average, equities research analysts anticipate that Thermon Group Holdings, Inc. will post 0.83 earnings per share for the current year.
Several equities analysts have issued reports on THR shares. StockNews.com raised shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 15th. TheStreet lowered shares of Thermon Group from a “b-” rating to a “c” rating in a report on Monday, June 6th.
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, tubing bundles, and system accessories, as well as strip, tubular, immersion, and process heaters; and gas heating products, including enclosure and explosion proof gas catalytic heaters, gas fired blowers, and gas heating accessories that comprise regulators, valves, mounting brackets, and battery cables.
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