T. Rowe Price Investment Manageme recently announced the acquisition of new stake in Thermon Group Holdings Inc. (NYSE:THR). This fresh investment now brings its stake to 9.50% valued currently at $63.9 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.12 million to 3.01 million shares. And Wellington Management Co. LLP has lifted its position by 9.10% or 0.19 million shares – to 2.33 million shares.
With over 0.28 million Thermon Group Holdings Inc. (THR) shares trading Friday and a closing price of $22.00 on the day, the dollar volume was approximately $6.24 million. The shares have shown a positive half year performance of 56.70% and its price on 01/13/23 gained nearly 1.01%. Currently, there are 33.48M common shares owned by the public and among those 32.91M shares have been available to trade.
Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 38 of these insider trades were purchases, accounting for 142,180 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 22,700 shares.
The top 3 mutual fund holders in Thermon Group Holdings Inc. are Kempen Intl. Funds – Global Small, T Rowe Price Small Cap Value Fund, and Vanguard Total Stock Market Index. Kempen Intl. Funds – Global Small owns 2.51 million shares of the company’s stock, all valued at over $50.3 million. The company sold 98374.0 shares recently to bring their total holdings to about 7.48% of the shares outstanding. T Rowe Price Small Cap Value Fund sold 70300.0 shares to see its total holdings shrink to 1.45 million shares valued at over $29.17 million and representing 4.34% of the shares outstanding. Vanguard Total Stock Market Index bought 5267.0 shares to bring its total holdings to over 0.99 million shares at a value of $19.83 million. Vanguard Total Stock Market Index now owns shares totaling to 2.95% of the shares outstanding.
Shares of Thermon Group Holdings Inc. (NYSE: THR) opened at $21.59, down -$0.19 from a prior closing price of $21.78. However, the script later moved the day high at 22.16, up 1.01%. The company’s stock has a 5-day price change of 6.43% and 36.22% over the past three months. THR shares are trading 9.56% year to date (YTD), with the 12-month market performance up to 28.28% higher. It has a 12-month low price of $13.26 and touched a high of $21.98 over the same period. THR has an average intraday trading volume of 149.84K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.39%, 11.16%, and 29.61% respectively.
Institutional ownership of Thermon Group Holdings Inc. (NYSE: THR) shares accounts for 97.60% of the company’s 33.48M shares outstanding. Mutual fund holders own 41.22%, while other institutional holders and individual stakeholders account for 55.71% and 22.68% respectively.
It has a market capitalization of $729.52M and a beta (3y monthly) value of 1.29. The stock’s trailing 12-month PE ratio is 19.75, while the earnings-per-share (ttm) stands at $1.11. The company has a PEG of 1.65 and a Quick Ratio of 1.30 with the debt-to-equity ratio at 0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.71% over the week and 2.47% over the month.
Analysts forecast that Thermon Group Holdings Inc. (THR) will achieve an EPS of $0.2 for the current quarter, $0.37 for the next quarter and $1.34 for 2024. The lowest estimate earnings-per-share for the quarter is $0.19 while analysts give the company a high EPS estimate of $0.21. Comparatively, EPS for the current quarter was $0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 62.70%, and 11.85% over the next financial year. EPS should grow at an annualized rate of 12.00% over the next five years, compared to 6.00% over the past 5-year period.
Looking at the support for the THR, a number of firms have released research notes about the stock. Rosenblatt stated their Buy rating for the stock in a research note on March 16, 2020, with the firm’s price target at $22. Sun Trust Rbsn Humphrey on their part issued Neutral rating on November 03, 2015.