Thermon Group Holdings, Inc. (NYSE:THR) Shares Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC grew its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 14.5% in the fourth quarter, HoldingsChannel reports. The fund owned 110,810 shares of the technology company’s stock after buying an additional 14,054 shares during the period. Rice Hall James & Associates LLC’s holdings in Thermon Group were worth $3,188,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC acquired a new position in Thermon Group during the 4th quarter worth $47,000. D.A. Davidson & CO. lifted its holdings in shares of Thermon Group by 2.1% in the fourth quarter. D.A. Davidson & CO. now owns 29,908 shares of the technology company’s stock valued at $860,000 after buying an additional 626 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Thermon Group by 7.6% in the fourth quarter. Principal Financial Group Inc. now owns 17,351 shares of the technology company’s stock valued at $499,000 after buying an additional 1,226 shares during the period. Congress Asset Management Co. acquired a new stake in shares of Thermon Group in the fourth quarter valued at $227,000. Finally, Lightrock Netherlands B.V. acquired a new stake in shares of Thermon Group in the fourth quarter valued at $4,995,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 7th.

Insider Transactions at Thermon Group

In other news, SVP David Buntin sold 28,137 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total transaction of $904,604.55. Following the sale, the senior vice president now directly owns 57,773 shares of the company’s stock, valued at $1,857,401.95. The trade was a 32.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.40% of the stock is owned by insiders.

Thermon Group Trading Down 0.2 %

Shares of Thermon Group stock opened at $29.76 on Wednesday. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 21.88 and a beta of 1.10. The business has a fifty day simple moving average of $29.08 and a 200-day simple moving average of $29.29. Thermon Group Holdings, Inc. has a fifty-two week low of $25.76 and a fifty-two week high of $35.93.

Thermon Group (NYSE:THR) last announced its earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. On average, equities analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.