Posted by admin on Jul 19th, 2022
Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Thermon Group Holdings, Inc. (NYSE:THR – Get Rating) by 112.8% during the 1st quarter, HoldingsChannel reports. The firm owned 6,200 shares of the technology company’s stock after acquiring an additional 3,286 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Thermon Group were worth $100,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Confluence Investment Management LLC grew its stake in shares of Thermon Group by 3.0% in the 1st quarter. Confluence Investment Management LLC now owns 321,824 shares of the technology company’s stock valued at $5,214,000 after purchasing an additional 9,395 shares during the period. Alpha Paradigm Partners LLC boosted its holdings in shares of Thermon Group by 20.5% in the 4th quarter. Alpha Paradigm Partners LLC now owns 16,230 shares of the technology company’s stock worth $275,000 after acquiring an additional 2,760 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Thermon Group by 8.8% in the 4th quarter. GSA Capital Partners LLP now owns 67,920 shares of the technology company’s stock worth $1,150,000 after acquiring an additional 5,477 shares in the last quarter. Needham Investment Management LLC acquired a new position in shares of Thermon Group in the 4th quarter worth approximately $931,000. Finally, B. Riley Asset Management LLC acquired a new position in shares of Thermon Group in the 4th quarter worth approximately $3,648,000. 93.81% of the stock is currently owned by institutional investors.
NYSE:THR opened at $14.06 on Tuesday. The stock’s fifty day moving average price is $14.98 and its two-hundred day moving average price is $16.24. Thermon Group Holdings, Inc. has a 52-week low of $13.26 and a 52-week high of $20.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.13 and a current ratio of 3.02. The company has a market cap of $470.56 million, a price-to-earnings ratio of 22.32 and a beta of 1.33.
Thermon Group (NYSE:THR – Get Rating) last posted its quarterly earnings results on Wednesday, May 25th. The technology company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. Thermon Group had a return on equity of 7.51% and a net margin of 5.99%. During the same period in the prior year, the company posted $0.03 EPS. On average, analysts anticipate that Thermon Group Holdings, Inc. will post 0.83 EPS for the current year.
In related news, CEO Bruce Thames purchased 3,150 shares of the business’s stock in a transaction dated Wednesday, June 15th. The shares were bought at an average price of $15.49 per share, with a total value of $48,793.50. Following the purchase, the chief executive officer now directly owns 209,267 shares in the company, valued at approximately $3,241,545.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Bruce Thames purchased 3,150 shares of the business’s stock in a transaction dated Wednesday, June 15th. The shares were bought at an average price of $15.49 per share, with a total value of $48,793.50. Following the purchase, the chief executive officer now directly owns 209,267 shares in the company, valued at approximately $3,241,545.83. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Nesser III acquired 3,637 shares of the stock in a transaction that occurred on Friday, June 3rd. The stock was purchased at an average price of $15.55 per share, with a total value of $56,555.35. Following the transaction, the director now owns 46,500 shares in the company, valued at $723,075. The disclosure for this purchase can be found here. Insiders have purchased a total of 11,867 shares of company stock valued at $186,906 in the last 90 days. 1.30% of the stock is owned by company insiders.
Several research analysts have issued reports on the company. StockNews.com raised Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 15th. TheStreet downgraded 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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