Atom Investors LP Grows Stock Position in Thermon Group Holdings, Inc. $THR

Atom Investors LP grew its position in Thermon Group Holdings, Inc. (NYSE:THR) by 187.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,849 shares of the technology company’s stock after acquiring an additional 88,006 shares during the quarter. Atom Investors LP owned about 0.41% of Thermon Group worth $5,011,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in THR. GW&K Investment Management LLC lifted its position in Thermon Group by 133.4% during the third quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock worth $38,198,000 after buying an additional 817,138 shares in the last quarter. UBS Group AG lifted its position in Thermon Group by 287.4% during the third quarter. UBS Group AG now owns 288,370 shares of the technology company’s stock worth $7,705,000 after buying an additional 213,935 shares in the last quarter. Citadel Advisors LLC purchased a new position in Thermon Group during the third quarter worth approximately $4,381,000. Cubist Systematic Strategies LLC purchased a new position in Thermon Group during the second quarter worth approximately $4,487,000. Finally, Nuveen LLC lifted its position in Thermon Group by 224.0% during the fourth quarter. Nuveen LLC now owns 220,653 shares of the technology company’s stock worth $8,199,000 after buying an additional 152,546 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Thermon Group Price Performance

THR stock opened at $61.14 on Wednesday. The business has a fifty day moving average of $60.58 and a two-hundred day moving average of $50.04. The company has a quick ratio of 1.76, a current ratio of 2.69 and a debt-to-equity ratio of 0.25. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 45.63 and a beta of 0.83. Thermon Group Holdings, Inc. has a 52-week low of $23.86 and a 52-week high of $71.87.

Thermon Group (NYSE:THR) last posted its earnings results on Tuesday, May 19th. The technology company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $148.33 million for the quarter, compared to analyst estimates of $137.85 million. Thermon Group had a return on equity of 13.42% and a net margin of 8.31%.Thermon Group’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the business earned $0.56 EPS. As a group, research analysts anticipate that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on THR. Wall Street Zen upgraded Thermon Group to a “hold” rating in a research report on Saturday, May 30th. CJS Securities downgraded Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 25th. Zacks Research downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. William Blair downgraded Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings downgraded Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Six analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $57.00.

About Thermon Group

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.