Public Employees Retirement System of Ohio Buys 35,630 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Public Employees Retirement System of Ohio raised its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 17.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 239,205 shares of the technology company’s stock after purchasing an additional 35,630 shares during the quarter. Public Employees Retirement System of Ohio owned 0.71% of Thermon Group worth $7,827,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in THR. AJOVista LLC bought a new stake in shares of Thermon Group in the fourth quarter valued at about $85,000. Quest Partners LLC bought a new stake in shares of Thermon Group in the fourth quarter valued at about $167,000. EntryPoint Capital LLC lifted its stake in shares of Thermon Group by 421.1% in the first 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 during the period. QRG Capital Management Inc. bought a new stake in shares of Thermon Group in the fourth quarter valued at about $238,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Thermon Group in the first quarter valued at about $255,000. Institutional investors own 99.76% of the company’s stock.

Insider Transactions at Thermon Group

In other news, Director John T. Nesser III sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $33.60, for a total transaction of $201,600.00. Following the completion of the sale, the director now owns 57,315 shares of the company’s stock, valued at $1,925,784. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Thermon Group news, SVP Mark John Roberts sold 2,910 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $33.35, for a total value of $97,048.50. Following the transaction, the senior vice president now directly owns 50,920 shares of the company’s stock, valued at $1,698,182. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John T. Nesser III sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $33.60, for a total transaction of $201,600.00. Following the completion of the transaction, the director now directly owns 57,315 shares in the company, valued at $1,925,784. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,910 shares of company stock valued at $462,849. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

THR has been the subject of several research reports. CJS Securities initiated coverage on shares of Thermon Group in a research note on Monday, April 29th. They issued an “outperform” rating and a $42.00 target price for the company. Roth Mkm increased their price target on shares of Thermon Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, May 30th. Finally, StockNews.com raised shares of Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th.

Thermon Group Price Performance

Shares of NYSE THR traded up $0.41 during mid-day trading on Tuesday, hitting $32.73. 1,321 shares of the stock were exchanged, compared to its average volume of 222,873. The company has a market cap of $1.11 billion, a P/E ratio of 21.55 and a beta of 1.08. The stock’s fifty day simple moving average is $31.50 and its two-hundred day simple moving average is $30.83. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.51. Thermon Group Holdings, Inc. has a twelve month low of $23.76 and a twelve month high of $35.93.

Thermon Group (NYSE:THR) last posted its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $127.65 million during the quarter, compared to analyst estimates of $127.19 million. Thermon Group had a net margin of 10.43% and a return on equity of 13.64%. As a group, analysts forecast that Thermon Group Holdings, Inc. will post 1.98 EPS for the current fiscal year.

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 provides 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.