Aster Capital Management DIFC Ltd Buys Shares of 13,923 Thermon Group Holdings, Inc. $THR

Aster Capital Management DIFC Ltd bought a new stake in Thermon Group Holdings, Inc. (NYSE:THR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,923 shares of the technology company’s stock, valued at approximately $517,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in THR. Royal Bank of Canada raised its position in Thermon Group by 0.4% in the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock valued at $7,209,000 after purchasing an additional 1,082 shares during the period. AQR Capital Management LLC grew its stake in shares of Thermon Group by 66.9% in the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock valued at $1,124,000 after buying an additional 16,177 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Thermon Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock valued at $552,000 after buying an additional 845 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Thermon Group by 24.9% in the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock valued at $1,090,000 after buying an additional 7,798 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Thermon Group by 4.9% in the second quarter. JPMorgan Chase & Co. now owns 264,080 shares of the technology company’s stock valued at $7,415,000 after buying an additional 12,428 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Thermon Group Price Performance

Thermon Group stock opened at $61.14 on Tuesday. The stock has a market cap of $2.01 billion, a PE ratio of 45.63 and a beta of 0.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.69 and a quick ratio of 1.76. The stock’s fifty day moving average is $60.40 and its two-hundred day moving average is $49.86. Thermon Group Holdings, Inc. has a 1-year low of $23.86 and a 1-year high of $71.87.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $148.33 million during the quarter, compared to analysts’ expectations of $137.85 million. Thermon Group had a net margin of 8.31% and a return on equity of 13.42%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. On average, sell-side analysts expect that Thermon Group Holdings, Inc. will post 2.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

THR has been the subject of a number of research reports. CJS Securities cut Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. Wall Street Zen raised Thermon Group to a “hold” rating in a research note on Saturday, May 30th. Craig Hallum cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Zacks Research downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Finally, William Blair cut Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Thermon Group has a consensus rating of “Hold” and an average target price of $57.00.

Thermon Group Company Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.