JPMorgan Chase & Co. Boosts Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

JPMorgan Chase & Co. raised its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 11.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 274,227 shares of the technology company’s stock after purchasing an additional 27,235 shares during the period. JPMorgan Chase & Co.’s holdings in Thermon Group were worth $8,183,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. acquired a new position in Thermon Group in the 3rd quarter valued at about $481,000. Barclays PLC raised its position in shares of Thermon Group by 312.1% in the third quarter. Barclays PLC now owns 54,149 shares of the technology company’s stock valued at $1,616,000 after buying an additional 41,009 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Thermon Group by 15.5% during the third quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company’s stock valued at $39,526,000 after buying an additional 178,017 shares during the period. FMR LLC lifted its stake in shares of Thermon Group by 10.0% during the third quarter. FMR LLC now owns 2,186,280 shares of the technology company’s stock valued at $65,239,000 after buying an additional 198,642 shares during the period. Finally, Jane Street Group LLC boosted its position in Thermon Group by 40.4% during the third quarter. Jane Street Group LLC now owns 48,458 shares of the technology company’s stock worth $1,446,000 after acquiring an additional 13,950 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Thermon Group Trading Up 1.3 %

Shares of THR opened at $28.63 on Wednesday. Thermon Group Holdings, Inc. has a fifty-two week low of $23.76 and a fifty-two week high of $35.93. The company has a market capitalization of $964.40 million, a PE ratio of 22.37 and a beta of 1.11. The stock has a fifty day moving average of $30.10 and a two-hundred day moving average of $29.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.80.

Thermon Group (NYSE:THR) last released its earnings results on Thursday, November 7th. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. Thermon Group had a return on equity of 12.08% and a net margin of 8.89%. The firm had revenue of $114.60 million during the quarter, compared to analyst estimates of $116.19 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, analysts forecast that Thermon Group Holdings, Inc. will post 1.79 EPS for the current year.

Insider Transactions at Thermon Group

In related news, SVP David Buntin sold 28,137 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total value of $904,604.55. Following the transaction, the senior vice president now directly owns 57,773 shares of the company’s stock, valued at approximately $1,857,401.95. This trade represents a 32.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.