Medina Value Partners LLC Buys 56,361 Shares of Thermon Group Holdings, Inc. $THR

Medina Value Partners LLC lifted its stake in shares of Thermon Group Holdings, Inc. (NYSE:THRFree Report) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,043,526 shares of the technology company’s stock after purchasing an additional 56,361 shares during the period. Thermon Group makes up about 9.1% of Medina Value Partners LLC’s holdings, making the stock its biggest position. Medina Value Partners LLC owned 3.18% of Thermon Group worth $38,777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of THR. Canada Pension Plan Investment Board acquired a new stake in shares of Thermon Group during the second quarter worth $31,000. Assetmark Inc. raised its position in shares of Thermon Group by 68.1% during the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock worth $41,000 after purchasing an additional 620 shares during the period. Danske Bank A S acquired a new stake in shares of Thermon Group during the third quarter worth $45,000. NewEdge Advisors LLC acquired a new stake in shares of Thermon Group during the third quarter worth $83,000. Finally, Nkcfo LLC acquired a new stake in shares of Thermon Group during the fourth quarter worth $85,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Thermon Group Stock Performance

Shares of THR stock opened at $61.14 on Monday. Thermon Group Holdings, Inc. has a 1-year low of $23.86 and a 1-year high of $71.87. The company has a current ratio of 2.69, a quick ratio of 1.76 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 45.63 and a beta of 0.83. The stock’s fifty day simple moving average is $60.22 and its 200-day simple moving average is $49.67.

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

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on THR

Thermon Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Thermon Group (NYSE:THR)

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