Denali Advisors LLC Acquires New Position in Thermon Group Holdings, Inc. $THR

Denali Advisors LLC acquired a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,157 shares of the technology company’s stock, valued at approximately $638,000.

A number of other institutional investors also recently bought and sold shares of THR. Equitable Trust Co. acquired a new position in Thermon Group in the 4th quarter valued at about $329,000. Peregrine Asset Advisers Inc. purchased a new stake in shares of Thermon Group during the 4th quarter valued at approximately $2,282,000. Strs Ohio acquired a new position in Thermon Group in the fourth quarter valued at approximately $710,000. Nkcfo LLC acquired a new position in Thermon Group in the fourth quarter valued at approximately $85,000. Finally, Pictet Asset Management Holding SA purchased a new position in Thermon Group in the fourth quarter worth approximately $206,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Price Performance

THR stock opened at $65.66 on Friday. The business’s fifty day moving average price is $52.30 and its 200 day moving average price is $43.64. Thermon Group Holdings, Inc. has a 12-month low of $23.86 and a 12-month high of $71.24. The company has a current ratio of 2.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $2.16 billion, a PE ratio of 37.30 and a beta of 0.83.

Thermon Group (NYSE:THR) last announced its earnings results on Thursday, February 5th. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. The company had revenue of $147.31 million during the quarter, compared to analysts’ expectations of $138.35 million. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.Thermon Group’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. On average, sell-side analysts anticipate that Thermon Group Holdings, Inc. will post 2.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on THR shares. William Blair downgraded Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 25th. Roth Mkm downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Wall Street Zen lowered shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Zacks Research cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Craig Hallum lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.