ExodusPoint Capital Management LP Makes New Investment in Thermon Group Holdings, Inc. (NYSE:THR)

ExodusPoint Capital Management LP bought a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 40,756 shares of the technology company’s stock, valued at approximately $1,173,000. ExodusPoint Capital Management LP owned 0.12% of Thermon Group as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Cornercap Investment Counsel Inc. acquired a new stake in Thermon Group during the 4th quarter worth approximately $220,000. Norges Bank acquired a new stake in Thermon Group during the 4th quarter worth approximately $230,000. Blair William & Co. IL grew its stake in shares of Thermon Group by 3.8% during the 4th quarter. Blair William & Co. IL now owns 198,429 shares of the technology company’s stock worth $5,709,000 after acquiring an additional 7,328 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Thermon Group during the 4th quarter worth approximately $554,000. Finally, Vanguard Group Inc. grew its stake in shares of Thermon Group by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company’s stock worth $97,338,000 after acquiring an additional 16,112 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Price Performance

Shares of THR opened at $25.33 on Thursday. The stock has a market capitalization of $853.37 million, a P/E ratio of 18.63 and a beta of 0.96. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $35.93. The company has a 50 day moving average of $28.38 and a 200-day moving average of $29.00. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28.

Thermon Group (NYSE:THR) last released its earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share 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%. As a group, equities research analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

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.