Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by AMH Equity Ltd

AMH Equity Ltd lowered its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 25.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,000 shares of the technology company’s stock after selling 37,740 shares during the period. Thermon Group makes up approximately 3.1% of AMH Equity Ltd’s portfolio, making the stock its 9th biggest holding. AMH Equity Ltd owned approximately 0.33% of Thermon Group worth $3,165,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in THR. Harbor Capital Advisors Inc. raised its holdings in shares of Thermon Group by 131.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,232 shares of the technology company’s stock worth $693,000 after purchasing an additional 13,199 shares during the period. Principal Financial Group Inc. acquired a new stake in Thermon Group during the 3rd quarter worth approximately $481,000. Riverpoint Wealth Management Holdings LLC raised its holdings in Thermon Group by 1.7% in the third quarter. Riverpoint Wealth Management Holdings LLC now owns 47,057 shares of the technology company’s stock valued at $1,404,000 after buying an additional 798 shares during the period. Victory Capital Management Inc. lifted its position in Thermon Group by 11.1% during the third quarter. Victory Capital Management Inc. now owns 40,000 shares of the technology company’s stock valued at $1,194,000 after buying an additional 4,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Thermon Group by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 381,428 shares of the technology company’s stock worth $11,382,000 after buying an additional 19,083 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Thermon Group Price Performance

THR stock opened at $29.96 on Thursday. The firm has a market cap of $1.01 billion, a P/E ratio of 22.03 and a beta of 1.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. Thermon Group Holdings, Inc. has a 1 year low of $25.76 and a 1 year high of $35.93. The stock has a 50-day simple moving average of $28.84 and a 200-day simple moving average of $29.30.

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

Insider Activity at Thermon Group

In other Thermon Group news, SVP David Buntin sold 28,137 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 57,773 shares in the company, valued at $1,857,401.95. This trade represents a 32.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.40% of the company’s stock.

Thermon Group Profile

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.