Carillon Tower Advisers Inc. bought a new stake in Thermon Group Holdings Inc (NYSE:THR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,524,958 shares of the technology company’s stock, valued at approximately $36,096,000.
Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Thermon Group in the third quarter valued at $144,000. Quadrature Capital Ltd purchased a new position in Thermon Group in the fourth quarter valued at $210,000. Aperio Group LLC purchased a new position in Thermon Group in the fourth quarter valued at $230,000. Nisa Investment Advisors LLC boosted its holdings in Thermon Group by 87.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,480 shares of the technology company’s stock valued at $248,000 after purchasing an additional 4,900 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Thermon Group by 37.1% in the third quarter. Victory Capital Management Inc. now owns 10,840 shares of the technology company’s stock valued at $195,000 after purchasing an additional 2,936 shares during the period.
A number of research firms recently issued reports on THR. Zacks Investment Research lowered Thermon Group from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. BMO Capital Markets lifted their target price on Thermon Group to $31.00 and gave the company an “outperform” rating in a report on Friday, February 9th. TheStreet lowered Thermon Group from a “b-” rating to a “c” rating in a report on Friday, February 9th. Finally, William Blair upgraded Thermon Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Thermon Group currently has a consensus rating of “Hold” and an average price target of $25.25.
Thermon Group (NYSE:THR) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.05. The company had revenue of $92.70 million during the quarter, compared to the consensus estimate of $80.42 million. Thermon Group had a return on equity of 5.16% and a net margin of 3.33%. Thermon Group’s revenue for the quarter was up 44.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS. sell-side analysts predict that Thermon Group Holdings Inc will post 0.61 earnings per share for the current fiscal year.
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Thermon Group Profile
Thermon Group Holdings, Inc is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.
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