Thermon Group Holdings, Inc. (NYSE:THR) Director Roger L. Fix Acquires 1,555 Shares

Thermon Group Holdings, Inc. (NYSE:THRGet Free Report) Director Roger L. Fix purchased 1,555 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average cost of $25.70 per share, with a total value of $39,963.50. Following the acquisition, the director now owns 28,273 shares in the company, valued at approximately $726,616.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Thermon Group Price Performance

THR stock opened at $25.60 on Wednesday. The company has a 50 day simple moving average of $31.11 and a 200 day simple moving average of $28.94. The stock has a market cap of $863.23 million, a price-to-earnings ratio of 17.78 and a beta of 1.22. Thermon Group Holdings, Inc. has a 1 year low of $20.56 and a 1 year high of $34.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.22 and a quick ratio of 1.53.

Hedge Funds Weigh In On Thermon Group

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Thermon Group by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,341,344 shares of the technology company’s stock valued at $91,787,000 after acquiring an additional 24,272 shares during the period. BlackRock Inc. increased its position in Thermon Group by 14.4% in the 2nd quarter. BlackRock Inc. now owns 2,836,702 shares of the technology company’s stock valued at $75,456,000 after acquiring an additional 356,376 shares during the period. FMR LLC increased its position in Thermon Group by 99.0% in the 3rd quarter. FMR LLC now owns 1,841,520 shares of the technology company’s stock valued at $50,587,000 after acquiring an additional 916,248 shares during the period. Dimensional Fund Advisors LP increased its position in Thermon Group by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,766,305 shares of the technology company’s stock valued at $46,984,000 after acquiring an additional 32,641 shares during the period. Finally, Wellington Management Group LLP increased its position in Thermon Group by 44.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,724,846 shares of the technology company’s stock valued at $47,382,000 after acquiring an additional 533,474 shares during the period. 93.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 30th.

Check Out Our Latest Stock Report on Thermon Group

About Thermon Group

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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 provides 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.

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