1,650 Shares in Thermon Group Holdings, Inc. (NYSE:THR) Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC bought a new stake in Thermon Group Holdings, Inc. (NYSE:THR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,650 shares of the technology company’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its stake in shares of Thermon Group by 10.0% in the third quarter. FMR LLC now owns 2,186,280 shares of the technology company’s stock valued at $65,239,000 after buying an additional 198,642 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Thermon Group by 15.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company’s stock valued at $39,526,000 after purchasing an additional 178,017 shares during the period. Geode Capital Management LLC raised its holdings in shares of Thermon Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 772,597 shares of the technology company’s stock valued at $23,059,000 after purchasing an additional 8,910 shares during the period. State Street Corp raised its holdings in shares of Thermon Group by 0.8% in the 3rd quarter. State Street Corp now owns 769,187 shares of the technology company’s stock valued at $22,953,000 after purchasing an additional 5,882 shares during the period. Finally, Needham Investment Management LLC raised its holdings in shares of Thermon Group by 21.5% in the 3rd quarter. Needham Investment Management LLC now owns 650,000 shares of the technology company’s stock valued at $19,396,000 after purchasing an additional 115,000 shares during the period. 99.76% of the stock is owned by institutional investors.

Thermon Group Stock Performance

NYSE THR opened at $29.57 on Wednesday. The stock has a market cap of $996.31 million, a PE ratio of 21.74 and a beta of 1.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. The firm has a 50-day moving average of $28.83 and a 200-day moving average of $29.30. Thermon Group Holdings, Inc. has a 52-week low of $25.76 and a 52-week high of $35.93.

Thermon Group (NYSE:THR) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. On average, sell-side analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Insider Activity at Thermon Group

In related news, SVP David Buntin sold 28,137 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $32.15, for a total value of $904,604.55. Following the transaction, the senior vice president now directly owns 57,773 shares in the company, valued at approximately $1,857,401.95. This represents a 32.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

About Thermon Group

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.