Rep. Josh Gottheimer Buys Thermon Group Holdings, Inc. (NYSE:THR) Shares

Posted by Defense World Staff on Jan 16th, 2025

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Thermon Group Holdings, Inc. (NYSE:THR). In a filing disclosed on January 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Thermon Group stock on December 6th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Block (NYSE:SQ) on 12/30/2024.
Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/30/2024.
Sold $1,001 – $15,000 in shares of Ambev (NYSE:ABEV) on 12/27/2024.
Sold $1,001 – $15,000 in shares of Grupo Financiero Banorte (OTCMKTS:GBOOY) on 12/27/2024.
Sold $1,001 – $15,000 in shares of Cadre (NYSE:CDRE) on 12/27/2024.
Sold $1,001 – $15,000 in shares of Coloplast A/S (OTCMKTS:CLPBY) on 12/27/2024.
Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 12/23/2024.
Sold $1,001 – $15,000 in shares of Trane Technologies (NYSE:TT) on 12/23/2024.
Purchased $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 12/20/2024.
Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/19/2024.

Thermon Group Price Performance

Shares of NYSE THR opened at $28.96 on Thursday. The company has a current ratio of 2.80, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. Thermon Group Holdings, Inc. has a 52 week low of $23.76 and a 52 week high of $35.93. The stock has a market cap of $975.52 million, a price-to-earnings ratio of 22.63 and a beta of 1.11. The company’s 50-day moving average price is $30.14 and its 200 day moving average price is $29.75.

Thermon Group (NYSE:THR – Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. The business had revenue of $114.60 million for the quarter, compared to the consensus estimate of $116.19 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, research analysts forecast that Thermon Group Holdings, Inc. will post 1.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP David Buntin sold 28,137 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $32.15, for a total value of $904,604.55. Following the completion of the sale, the senior vice president now directly owns 57,773 shares of the company’s stock, valued at $1,857,401.95. The trade was a 32.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by company insiders.

Institutional Trading of Thermon Group

A number of institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its holdings in Thermon Group by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company’s stock valued at $595,000 after purchasing an additional 422 shares in the last quarter. D.A. Davidson & CO. lifted its stake in shares of Thermon Group by 1.8% in the third quarter. D.A. Davidson & CO. now owns 29,282 shares of the technology company’s stock worth $874,000 after acquiring an additional 506 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Thermon Group by 9.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,017 shares of the technology company’s stock valued at $216,000 after purchasing an additional 613 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Thermon Group by 4.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,000 shares of the technology company’s stock valued at $523,000 after purchasing an additional 682 shares during the last quarter. Finally, Riverpoint Wealth Management Holdings LLC grew its stake in Thermon Group by 1.7% during the 3rd quarter. Riverpoint Wealth Management Holdings LLC now owns 47,057 shares of the technology company’s stock valued at $1,404,000 after purchasing an additional 798 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Thermon Group

(Get Free Report)

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 offers 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.