Thermon Group Holdings, Inc. (NYSE:THR) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 8.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,586 shares of the technology company’s stock after purchasing an additional 1,238 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Thermon Group were worth $508,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of THR. Hennion & Walsh Asset Management Inc. acquired a new position in Thermon Group during the third quarter worth about $248,000. Premier Fund Managers Ltd acquired a new position in shares of Thermon Group during the 3rd quarter worth approximately $254,000. Principal Financial Group Inc. boosted its holdings in shares of Thermon Group by 46.5% during the 3rd quarter. Principal Financial Group Inc. now owns 12,068 shares of the technology company’s stock worth $332,000 after purchasing an additional 3,829 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Thermon Group in the third quarter valued at approximately $365,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Thermon Group in the third quarter valued at approximately $385,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Roth Mkm initiated coverage on Thermon Group in a report on Wednesday, March 6th. They issued a “buy” rating and a $36.00 target price for the company. StockNews.com upgraded Thermon Group from a “hold” rating to a “buy” rating in a research report on Friday, April 12th.

Thermon Group Stock Up 1.8 %

Shares of THR opened at $31.59 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.53 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1.07 billion, a P/E ratio of 21.94 and a beta of 1.18. The company’s 50-day moving average price is $29.83 and its 200 day moving average price is $29.99. Thermon Group Holdings, Inc. has a 12-month low of $20.56 and a 12-month high of $34.07.

Thermon Group (NYSE:THR) last issued its quarterly earnings data on Thursday, February 1st. The technology company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.50 by $0.09. Thermon Group had a net margin of 10.05% and a return on equity of 14.60%. The firm had revenue of $136.43 million for the quarter, compared to analyst estimates of $128.22 million. On average, sell-side analysts forecast that Thermon Group Holdings, Inc. will post 1.8 earnings per share for the current year.

Insider Activity at Thermon Group

In other Thermon Group news, Director Roger L. Fix purchased 1,555 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were bought at an average cost of $25.70 per share, for a total transaction of $39,963.50. Following the completion of the purchase, the director now directly owns 28,273 shares of the company’s stock, valued at $726,616.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Thermon Group Profile

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.