Clifford Capital Partners LLC Raises Stock Holdings in Thermon Group Holdings, Inc. $THR

Clifford Capital Partners LLC raised its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 2,551.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 430,230 shares of the technology company’s stock after acquiring an additional 414,006 shares during the quarter. Thermon Group makes up about 2.7% of Clifford Capital Partners LLC’s holdings, making the stock its 22nd largest holding. Clifford Capital Partners LLC’s holdings in Thermon Group were worth $15,987,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Oliver Luxxe Assets LLC purchased a new stake in shares of Thermon Group in the fourth quarter valued at approximately $1,100,000. Allspring Global Investments Holdings LLC acquired a new stake in Thermon Group in the 4th quarter valued at about $3,758,000. First Eagle Investment Management LLC raised its stake in Thermon Group by 12.3% in the third quarter. First Eagle Investment Management LLC now owns 391,978 shares of the technology company’s stock valued at $10,474,000 after buying an additional 42,867 shares in the last quarter. Peregrine Asset Advisers Inc. acquired a new stake in Thermon Group in the fourth quarter valued at $2,282,000. Finally, Denali Advisors LLC acquired a new stake in Thermon Group in the fourth quarter valued at $638,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Price Performance

THR stock opened at $61.14 on Thursday. The firm has a 50 day moving average of $60.78 and a 200-day moving average of $50.22. Thermon Group Holdings, Inc. has a 12-month low of $23.86 and a 12-month high of $71.87. The company has a current ratio of 2.69, a quick ratio of 1.76 and a debt-to-equity ratio of 0.25. The company 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 posted its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Thermon Group had a net margin of 8.31% and a return on equity of 13.42%. The company had revenue of $148.33 million for the quarter, compared to analyst estimates of $137.85 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. Thermon Group’s revenue was up 10.6% on a year-over-year basis. As a group, equities analysts expect that Thermon Group Holdings, Inc. will post 2.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on THR shares. Wall Street Zen upgraded Thermon Group to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings lowered Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Zacks Research lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. CJS Securities lowered Thermon Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 25th. Finally, William Blair lowered Thermon Group from an “outperform” rating to a “hold” rating in a report on Wednesday, February 25th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Thermon Group presently has an average rating of “Hold” and an average target price 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.