Thermon Group Holdings, Inc. (NYSE:THR) Director Sells $164,200.00 in Stock

Thermon Group Holdings, Inc. (NYSE:THR) Director Kevin J. Mcginty sold 5,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $32.84, for a total value of $164,200.00. Following the transaction, the director now owns 38,109 shares in the company, valued at approximately $1,251,499.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Thermon Group Stock Performance

NYSE THR opened at $30.50 on Friday. The company has a market cap of $1.03 billion, a PE ratio of 20.33 and a beta of 1.13. The stock’s 50 day simple moving average is $32.82 and its 200-day simple moving average is $31.02. Thermon Group Holdings, Inc. has a 1-year low of $23.76 and a 1-year high of $35.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.51 and a quick ratio of 1.72.

Hedge Funds Weigh In On Thermon Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Thermon Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,363,315 shares of the technology company’s stock valued at $109,543,000 after purchasing an additional 21,971 shares during the last quarter. FMR LLC increased its holdings in shares of Thermon Group by 99.0% in the third quarter. FMR LLC now owns 1,841,520 shares of the technology company’s stock valued at $50,587,000 after purchasing an additional 916,248 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Thermon Group by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,775,583 shares of the technology company’s stock valued at $57,833,000 after purchasing an additional 4,599 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Thermon Group by 44.8% in the third quarter. Wellington Management Group LLP now owns 1,724,846 shares of the technology company’s stock valued at $47,382,000 after purchasing an additional 533,474 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of Thermon Group by 22.2% in the first quarter. William Blair Investment Management LLC now owns 901,244 shares of the technology company’s stock valued at $29,489,000 after purchasing an additional 163,640 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on THR. StockNews.com upgraded Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th. CJS Securities assumed coverage on Thermon Group in a research report on Monday, April 29th. They set an “outperform” rating and a $42.00 price target on the stock. Finally, Roth Mkm raised their target price on Thermon Group from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, May 30th.

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 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.