Rep. Josh Gottheimer Acquires Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Posted by Tech Dows on Jan 16th, 2025

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Thermon Group Holdings, Inc. (NYSE:THR). In a filing disclosed on January 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Thermon Group stock on December 6th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Block (NYSE:SQ) on 12/30/2024.
Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/30/2024.
Sold $1,001 – $15,000 in shares of Ambev (NYSE:ABEV) on 12/27/2024.
Sold $1,001 – $15,000 in shares of Grupo Financiero Banorte (OTCMKTS:GBOOY) on 12/27/2024.
Sold $1,001 – $15,000 in shares of Cadre (NYSE:CDRE) on 12/27/2024.
Sold $1,001 – $15,000 in shares of Coloplast A/S (OTCMKTS:CLPBY) on 12/27/2024.
Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 12/23/2024.
Sold $1,001 – $15,000 in shares of Trane Technologies (NYSE:TT) on 12/23/2024.
Purchased $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 12/20/2024.
Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/19/2024.

Thermon Group Stock Performance

THR stock traded down $0.02 during trading hours on Thursday, reaching $28.93. The stock had a trading volume of 23,215 shares, compared to its average volume of 106,884. The stock has a market capitalization of $974.65 million, a PE ratio of 22.60 and a beta of 1.11. The stock has a 50-day simple moving average of $30.13 and a 200 day simple moving average of $29.74. Thermon Group Holdings, Inc. has a fifty-two week low of $23.76 and a fifty-two week high of $35.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.80 and a quick ratio of 1.85.

Thermon Group (NYSE:THR – Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.35 by $0.03. The business had revenue of $114.60 million for the quarter, compared to the consensus estimate of $116.19 million. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. Thermon Group’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 earnings per share. Analysts predict that Thermon Group Holdings, Inc. will post 1.79 EPS for the current fiscal year.

Insider Activity at Thermon Group

In other Thermon Group news, SVP David Buntin sold 28,137 shares of Thermon Group stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $32.15, for a total transaction of $904,604.55. Following the transaction, the senior vice president now directly owns 57,773 shares of the company’s stock, valued at approximately $1,857,401.95. The trade was a 32.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Thermon Group

A number of large investors have recently bought and sold shares of THR. Quest Partners LLC lifted its holdings in shares of Thermon Group by 2,375.0% during the 2nd quarter. Quest Partners LLC now owns 1,089 shares of the technology company’s stock worth $33,000 after acquiring an additional 1,045 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Thermon Group during the 2nd quarter valued at approximately $40,000. Mercer Global Advisors Inc. ADV increased its holdings in Thermon Group by 9.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,017 shares of the technology company’s stock worth $216,000 after purchasing an additional 613 shares in the last quarter. Dark Forest Capital Management LP grew its holdings in shares of Thermon Group by 71.3% during the second quarter. Dark Forest Capital Management LP now owns 12,936 shares of the technology company’s stock worth $398,000 after purchasing an additional 5,384 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Thermon Group in the third quarter valued at approximately $481,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About Thermon Group

(Get Free Report)

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 offers 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.