Meros Investment Management LP Purchases 3,400 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Meros Investment Management LP lifted its position in Thermon Group Holdings, Inc. (NYSE:THR) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 209,800 shares of the technology company’s stock after acquiring an additional 3,400 shares during the quarter. Thermon Group accounts for 3.1% of Meros Investment Management LP’s portfolio, making the stock its 14th largest position. Meros Investment Management LP owned about 0.62% of Thermon Group worth $6,453,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in THR. Quest Partners LLC lifted its holdings in Thermon Group by 2,375.0% during the 2nd quarter. Quest Partners LLC now owns 1,089 shares of the technology company’s stock valued at $33,000 after buying an additional 1,045 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Thermon Group during the 2nd quarter valued at about $40,000. Meeder Asset Management Inc. bought a new stake in Thermon Group during the 2nd quarter valued at about $60,000. EntryPoint Capital LLC lifted its holdings in Thermon Group by 421.1% during the 1st quarter. EntryPoint Capital LLC now owns 6,331 shares of the technology company’s stock valued at $207,000 after buying an additional 5,116 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in Thermon Group by 9.8% during the 2nd quarter. QRG Capital Management Inc. now owns 6,838 shares of the technology company’s stock valued at $210,000 after buying an additional 608 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Thermon Group Trading Up 1.5 %

NYSE:THR opened at $29.20 on Friday. Thermon Group Holdings, Inc. has a one year low of $23.76 and a one year high of $35.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.73 and a current ratio of 2.61. The firm has a market cap of $986.96 million, a P/E ratio of 19.47 and a beta of 1.06. The firm has a 50-day simple moving average of $30.04 and a 200-day simple moving average of $31.07.

Thermon Group (NYSE:THR) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The company had revenue of $115.10 million during the quarter, compared to analysts’ expectations of $115.99 million. During the same quarter in the prior year, the company posted $0.40 earnings per share. Thermon Group’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts anticipate that Thermon Group Holdings, Inc. will post 1.98 EPS for the current fiscal year.

Analyst Ratings Changes

THR has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Thermon Group from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Roth Mkm boosted their price target on shares of Thermon Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, May 30th.

Thermon Group Company 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.