Thermon Group Holdings, Inc. (NYSE:THR) SVP Sells $904,604.55 in Stock

Thermon Group Holdings, Inc. (NYSE:THR) SVP David Buntin sold 28,137 shares of Thermon Group stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total value of $904,604.55. Following the sale, the senior vice president now directly owns 57,773 shares of the company’s stock, valued at approximately $1,857,401.95. The trade was a 32.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Thermon Group Stock Performance

NYSE THR opened at $32.00 on Monday. Thermon Group Holdings, Inc. has a 12-month low of $23.76 and a 12-month high of $35.93. The firm has a 50-day moving average price of $29.60 and a two-hundred day moving average price of $29.98. The company has a market capitalization of $1.08 billion, a P/E ratio of 25.00 and a beta of 1.10. The company has a quick ratio of 1.85, a current ratio of 2.80 and a debt-to-equity ratio of 0.29.

Thermon Group (NYSE:THR) last issued its quarterly earnings results 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 return on equity of 12.08% and a net margin of 8.89%. The business had revenue of $114.60 million during the quarter, compared to analysts’ expectations of $116.19 million. During the same period in the previous year, the company posted $0.49 earnings per share. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. Analysts anticipate that Thermon Group Holdings, Inc. will post 1.79 earnings per share for the current year.

Institutional Trading of Thermon Group

Large investors have recently modified their holdings of the stock. Quest Partners LLC increased its stake in Thermon Group by 2,375.0% in the second quarter. Quest Partners LLC now owns 1,089 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,045 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Thermon Group in the 2nd quarter valued at $40,000. Meeder Asset Management Inc. acquired a new position in shares of Thermon Group during the 2nd quarter worth $60,000. QRG Capital Management Inc. lifted its position in shares of Thermon Group by 9.8% during the 2nd quarter. QRG Capital Management Inc. now owns 6,838 shares of the technology company’s stock worth $210,000 after buying an additional 608 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake 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 buying an additional 613 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th.

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.