RBF Capital LLC Has $5.76 Million Holdings in Thermon Group Holdings, Inc. $THR

RBF Capital LLC trimmed its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,000 shares of the technology company’s stock after selling 15,000 shares during the quarter. RBF Capital LLC’s holdings in Thermon Group were worth $5,760,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of THR. Royal Bank of Canada grew its holdings 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 worth $7,209,000 after purchasing an additional 1,082 shares during the period. AQR Capital Management LLC grew its holdings in Thermon Group by 66.9% in the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock worth $1,124,000 after purchasing an additional 16,177 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 worth $552,000 after purchasing an additional 845 shares during the period. Jane Street Group LLC grew its holdings in Thermon Group by 24.9% in the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock worth $1,090,000 after purchasing an additional 7,798 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Thermon Group by 4.9% in the second quarter. JPMorgan Chase & Co. now owns 264,080 shares of the technology company’s stock worth $7,415,000 after purchasing an additional 12,428 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Thermon Group Price Performance

THR opened at $61.14 on Wednesday. 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 company’s 50-day moving average is $60.58 and its 200 day moving average is $50.04. Thermon Group Holdings, Inc. has a fifty-two week low of $23.86 and a fifty-two week high of $71.87. The firm has a market capitalization of $2.01 billion, a P/E ratio of 45.63 and a beta of 0.83.

Thermon Group (NYSE:THR) last released 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 firm had revenue of $148.33 million for the quarter, compared to the consensus estimate of $137.85 million. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts expect that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

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.