D. E. Shaw & Co. Inc. Sells 499 Shares of Thermon Group Holdings Inc (NYSE:THR)

D. E. Shaw & Co. Inc. reduced its stake in shares of Thermon Group Holdings Inc (NYSE:THR) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,542 shares of the technology company’s stock after selling 499 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.42% of Thermon Group worth $2,810,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Rehmann Capital Advisory Group increased its stake in shares of Thermon Group by 1,662.0% during the third quarter. Rehmann Capital Advisory Group now owns 2,784 shares of the technology company’s stock worth $108,000 after purchasing an additional 2,626 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Thermon Group by 16.3% in the 4th quarter. Citigroup Inc. now owns 10,881 shares of the technology company’s stock worth $221,000 after acquiring an additional 1,528 shares during the last quarter. OLD National Bancorp IN lifted its holdings in shares of Thermon Group by 11.3% in the 4th quarter. OLD National Bancorp IN now owns 15,761 shares of the technology company’s stock worth $320,000 after acquiring an additional 1,599 shares during the last quarter. Menta Capital LLC lifted its holdings in Thermon Group by 102.1% during the 4th quarter. Menta Capital LLC now owns 19,402 shares of the technology company’s stock worth $393,000 after buying an additional 9,800 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Thermon Group by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 19,613 shares of the technology company’s stock worth $398,000 after buying an additional 765 shares in the last quarter.

THR has been the topic of a number of research reports. TheStreet upgraded shares of Thermon Group from a “c+” rating to a “b+” rating in a report on Monday, March 4th. ValuEngine raised shares of Thermon Group from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. Finally, Zacks Investment Research raised shares of Thermon Group from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $28.50.

Shares of NYSE THR traded up $0.13 during mid-day trading on Wednesday, reaching $26.13. The company had a trading volume of 82,089 shares, compared to its average volume of 94,488. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.35 and a quick ratio of 2.38. The company has a market capitalization of $847.93 million, a price-to-earnings ratio of 26.39 and a beta of 1.35. Thermon Group Holdings Inc has a 52-week low of $18.37 and a 52-week high of $27.95.

Thermon Group (NYSE:THR) last posted its earnings results on Wednesday, January 30th. The technology company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. The firm had revenue of $119.36 million for the quarter, compared to the consensus estimate of $100.28 million. Thermon Group had a net margin of 5.50% and a return on equity of 10.70%. The company’s revenue was up 28.8% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. As a group, sell-side analysts forecast that Thermon Group Holdings Inc will post 1.15 earnings per share for the current year.

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Thermon Group Profile

Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.

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

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