Thermon Group Holdings, Inc. $THR Shares Purchased by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 37.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 94,180 shares of the technology company’s stock after purchasing an additional 25,820 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.29% of Thermon Group worth $4,747,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Intech Investment Management LLC raised its stake in shares of Thermon Group by 2.3% during the 3rd quarter. Intech Investment Management LLC now owns 14,346 shares of the technology company’s stock worth $383,000 after buying an additional 327 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in Thermon Group by 5.5% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 10,091 shares of the technology company’s stock valued at $375,000 after acquiring an additional 525 shares during the last quarter. Riverpoint Wealth Management Holdings LLC increased its holdings in Thermon Group by 1.4% during the 1st quarter. Riverpoint Wealth Management Holdings LLC now owns 52,108 shares of the technology company’s stock valued at $2,626,000 after acquiring an additional 740 shares in the last quarter. Legal & General Group Plc increased its holdings in Thermon Group by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 38,133 shares of the technology company’s stock valued at $1,019,000 after acquiring an additional 807 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Thermon Group by 0.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 240,903 shares of the technology company’s stock worth $8,952,000 after acquiring an additional 816 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Thermon Group Price Performance

THR opened at $61.14 on Thursday. The company has a current ratio of 2.69, a quick ratio of 1.76 and a debt-to-equity ratio of 0.25. Thermon Group Holdings, Inc. has a twelve month low of $23.86 and a twelve month high of $71.87. The company has a fifty day simple moving average of $61.89 and a 200 day simple moving average of $55.11. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 45.63 and a beta of 0.83.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Thermon Group had a net margin of 8.31% and a return on equity of 13.42%. The firm had revenue of $148.33 million during the quarter, compared to the consensus estimate of $137.85 million. During the same period in the prior year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts expect that Thermon Group Holdings, Inc. will post 2.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on THR shares. Wall Street Zen upgraded shares of Thermon Group to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings cut Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.00.

About Thermon Group

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.