Clifford Capital Partners LLC Acquires 414,006 Shares of Thermon Group Holdings, Inc. $THR

Clifford Capital Partners LLC increased its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 2,551.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 430,230 shares of the technology company’s stock after acquiring an additional 414,006 shares during the period. Thermon Group comprises 2.7% of Clifford Capital Partners LLC’s portfolio, making the stock its 22nd biggest position. Clifford Capital Partners LLC owned about 1.31% of Thermon Group worth $15,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Oliver Luxxe Assets LLC bought a new stake in Thermon Group during the 4th quarter valued at $1,100,000. Allspring Global Investments Holdings LLC bought a new stake in Thermon Group during the 4th quarter valued at $3,758,000. First Eagle Investment Management LLC raised its position in Thermon Group by 12.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 391,978 shares of the technology company’s stock valued at $10,474,000 after purchasing an additional 42,867 shares in the last quarter. Peregrine Asset Advisers Inc. bought a new stake in Thermon Group during the 4th quarter valued at $2,282,000. Finally, Denali Advisors LLC bought a new stake in Thermon Group during the 4th quarter valued at $638,000. 99.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on THR. CJS Securities lowered Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 25th. Craig Hallum lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Wall Street Zen raised Thermon Group to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings lowered Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, William Blair downgraded Thermon Group from an “outperform” rating to a “hold” rating in a report on Wednesday, February 25th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $57.00.

Thermon Group Price Performance

Shares of THR stock opened at $61.14 on Thursday. Thermon Group Holdings, Inc. has a 1-year low of $23.86 and a 1-year high of $71.87. The stock’s fifty day moving average price is $60.78 and its 200 day moving average price is $50.22. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.69 and a quick ratio of 1.76. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 45.63 and a beta of 0.83.

Thermon Group (NYSE:THR) last announced its earnings results on Tuesday, May 19th. The technology company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Thermon Group had a return on equity of 13.42% and a net margin of 8.31%.The business had revenue of $148.33 million for the quarter, compared to analysts’ expectations of $137.85 million. During the same quarter last year, the firm earned $0.56 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, research analysts expect that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

Thermon Group Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.