Insider Selling: Thermon Group Holdings, Inc. (NYSE:THR) SVP Sells 28,137 Shares of Stock

Thermon Group Holdings, Inc. (NYSE:THR) SVP David Buntin sold 28,137 shares of Thermon Group stock in a transaction dated Thursday, December 12th. The shares were 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 in the company, valued at $1,857,401.95. The trade was a 32.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Thermon Group Stock Down 0.1 %

Shares of THR stock traded down $0.03 during mid-day trading on Friday, reaching $32.00. 190,675 shares of the company’s stock traded hands, compared to its average volume of 195,527. The company’s 50-day moving average price is $29.53 and its 200-day moving average price is $30.06. The company has a market cap of $1.08 billion, a P/E ratio of 25.02 and a beta of 1.10. The company has a quick ratio of 1.85, a current ratio of 2.80 and a debt-to-equity ratio of 0.29. Thermon Group Holdings, Inc. has a 12 month low of $23.76 and a 12 month high of $35.93.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. The business had revenue of $114.60 million for the quarter, compared to analysts’ expectations of $116.19 million. During the same quarter in the prior year, the company earned $0.49 earnings per share. The business’s revenue was down 7.4% compared to the same quarter last year. On average, equities analysts expect that Thermon Group Holdings, Inc. will post 1.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. purchased a new stake in shares of Thermon Group in the third quarter worth $481,000. Wellington Management Group LLP grew its position in Thermon Group by 15.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company’s stock valued at $39,526,000 after purchasing an additional 178,017 shares during the last quarter. FMR LLC increased its stake in Thermon Group by 10.0% during the 3rd quarter. FMR LLC now owns 2,186,280 shares of the technology company’s stock valued at $65,239,000 after purchasing an additional 198,642 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Thermon Group by 169.1% in the second quarter. Assenagon Asset Management S.A. now owns 200,354 shares of the technology company’s stock worth $6,163,000 after buying an additional 125,903 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Thermon Group by 806.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 71,299 shares of the technology company’s stock worth $2,193,000 after buying an additional 63,431 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th.

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.