Cerity Partners LLC Buys New Shares in Thermon Group Holdings, Inc. (NYSE:THR)

Cerity Partners LLC bought a new stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,008 shares of the technology company's stock, valued at approximately $446,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Quarry LP lifted its position in Thermon Group by 314.1% during the fourth quarter. Quarry LP now owns 853 shares of the technology company's stock valued at $25,000 after buying an additional 647 shares in the last quarter. GAMMA Investing LLC lifted its position in Thermon Group by 3,912.0% during the first quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company's stock valued at $28,000 after buying an additional 978 shares in the last quarter. Quantbot Technologies LP acquired a new position in Thermon Group during the fourth quarter valued at approximately $172,000. KLP Kapitalforvaltning AS acquired a new position in Thermon Group during the fourth quarter valued at approximately $175,000. Finally, Point72 Asset Management L.P. acquired a new position in Thermon Group during the fourth quarter valued at approximately $192,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Trading Up 0.5%

Shares of THR stock opened at $28.13 on Friday. The stock has a market cap of $935.26 million, a price-to-earnings ratio of 17.92 and a beta of 1.05. The company has a quick ratio of 1.64, a current ratio of 2.43 and a debt-to-equity ratio of 0.24. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $33.74. The firm's 50 day moving average price is $27.73 and its two-hundred day moving average price is $27.92.

Thermon Group (NYSE:THR - Get Free Report) last posted its earnings results on Thursday, May 22nd. The technology company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. Thermon Group had a net margin of 10.74% and a return on equity of 13.08%. The business had revenue of $134.08 million for the quarter, compared to analysts' expectations of $133.65 million. During the same period in the previous year, the company posted $0.34 earnings per share. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Thermon Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.

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.

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