UBS Group AG Has $11.34 Million Stock Holdings in Thermon Group Holdings, Inc. $THR

UBS Group AG grew its position in Thermon Group Holdings, Inc. (NYSE:THR) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 305,070 shares of the technology company’s stock after purchasing an additional 16,700 shares during the period. UBS Group AG’s holdings in Thermon Group were worth $11,336,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of THR. Canada Pension Plan Investment Board acquired a new stake in Thermon Group in the second quarter worth $31,000. Assetmark Inc. raised its holdings in Thermon Group by 68.1% in the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock worth $41,000 after purchasing an additional 620 shares during the period. Danske Bank A S acquired a new stake in Thermon Group in the third quarter worth $45,000. State of Alaska Department of Revenue acquired a new stake in Thermon Group in the third quarter worth $48,000. Finally, Federated Hermes Inc. raised its holdings in Thermon Group by 18.5% in the third quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock worth $70,000 after purchasing an additional 409 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Stock Performance

Shares of THR stock opened at $65.15 on Friday. The company has a fifty day moving average price of $54.21 and a two-hundred day moving average price of $45.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.90 and a quick ratio of 1.84. The stock has a market cap of $2.14 billion, a P/E ratio of 37.02 and a beta of 0.83. Thermon Group Holdings, Inc. has a one year low of $23.86 and a one year high of $71.24.

Analysts Set New Price Targets

Several research firms have weighed in on THR. Craig Hallum lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Zacks Research downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Wall Street Zen downgraded shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. William Blair downgraded shares of Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Roth Mkm downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Thermon Group has an average rating of “Hold” and a consensus price target of $57.00.

Thermon Group Company Profile

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.