SG Americas Securities LLC Purchases New Stake in Thermon Group Holdings, Inc. (THR)

SG Americas Securities LLC purchased a new stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,219 shares of the technology company’s stock, valued at approximately $109,000.

Other hedge funds also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. bought a new stake in Thermon Group Holdings during the first quarter valued at approximately $215,000. Wrapmanager Inc. bought a new stake in Thermon Group Holdings during the first quarter valued at approximately $223,000. OLD National Bancorp IN boosted its stake in Thermon Group Holdings by 7.8% in the first quarter. OLD National Bancorp IN now owns 15,523 shares of the technology company’s stock valued at $323,000 after buying an additional 1,119 shares during the period. TD Asset Management Inc. boosted its stake in Thermon Group Holdings by 42.8% in the first quarter. TD Asset Management Inc. now owns 19,700 shares of the technology company’s stock valued at $411,000 after buying an additional 5,900 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Thermon Group Holdings by 2.9% in the first quarter. Parametric Portfolio Associates LLC now owns 31,131 shares of the technology company’s stock valued at $649,000 after buying an additional 867 shares during the period.

Thermon Group Holdings, Inc. (NYSE THR) opened at 18.41 on Tuesday. The company has a market capitalization of $595.93 million, a PE ratio of 40.91 and a beta of 1.00. Thermon Group Holdings, Inc. has a 52 week low of $16.50 and a 52 week high of $21.48. The firm has a 50-day moving average of $19.14 and a 200-day moving average of $19.84.

Thermon Group Holdings (NYSE:THR) last posted its earnings results on Wednesday, May 24th. The technology company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.03. Thermon Group Holdings had a return on equity of 4.60% and a net margin of 5.54%. The business had revenue of $67.60 million for the quarter, compared to the consensus estimate of $66.24 million. During the same period in the previous year, the firm earned $0.20 earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year. Equities analysts expect that Thermon Group Holdings, Inc. will post $0.45 earnings per share for the current fiscal year.

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Several research firms have recently commented on THR. Jefferies Group LLC reissued a “buy” rating and set a $22.00 price target (up from $21.00) on shares of Thermon Group Holdings in a research note on Sunday, May 28th. BidaskClub raised shares of Thermon Group Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. ValuEngine cut shares of Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Wolfe Research assumed coverage on shares of Thermon Group Holdings in a research note on Tuesday, July 11th. They issued a “market perform” rating on the stock. Finally, BMO Capital Markets raised shares of Thermon Group Holdings from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $20.00 to $23.00 in a research note on Monday, March 27th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $21.00.

About Thermon Group Holdings

Institutional Ownership by Quarter for Thermon Group Holdings (NYSE:THR)

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