Thermon Group Holdings, Inc. (NYSE:THR) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 4.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,615,497 shares of the technology company’s stock after acquiring an additional 110,975 shares during the quarter. Vanguard Group Inc. owned 8.08% of Thermon Group Holdings worth $50,138,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in Thermon Group Holdings by 43.5% during the 2nd quarter. Northern Trust Corp now owns 559,499 shares of the technology company’s stock worth $10,725,000 after purchasing an additional 169,600 shares during the last quarter. Kempen Capital Management N.V. acquired a new position in shares of Thermon Group Holdings during the 2nd quarter valued at about $2,542,000. TIAA CREF Investment Management LLC boosted its position in shares of Thermon Group Holdings by 3.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 88,145 shares of the technology company’s stock valued at $1,690,000 after acquiring an additional 2,534 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Thermon Group Holdings by 4.7% during the 2nd quarter. Teachers Advisors LLC now owns 63,153 shares of the technology company’s stock valued at $1,211,000 after acquiring an additional 2,841 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Thermon Group Holdings by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 188,017 shares of the technology company’s stock valued at $3,604,000 after buying an additional 4,610 shares during the period.

Thermon Group Holdings, Inc. (NYSE:THR) opened at $20.76 on Tuesday. Thermon Group Holdings, Inc. has a 52-week low of $15.74 and a 52-week high of $22.36. The stock has a market capitalization of $677.34, a price-to-earnings ratio of 49.71 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.73 and a quick ratio of 2.95.

Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings data on Monday, October 23rd. The technology company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $61.63 million for the quarter, compared to analyst estimates of $61.64 million. Thermon Group Holdings had a return on equity of 4.39% and a net margin of 5.65%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. equities analysts expect that Thermon Group Holdings, Inc. will post 0.49 EPS for the current fiscal year.

A number of analysts have issued reports on the stock. SunTrust Banks, Inc. reiterated a “hold” rating and set a $20.00 price target on shares of Thermon Group Holdings in a research note on Tuesday, October 24th. BMO Capital Markets cut their target price on shares of Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. BidaskClub downgraded Thermon Group Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research downgraded Thermon Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, ValuEngine raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.50.

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Thermon Group Holdings Company Profile

Institutional Ownership by Quarter for Thermon Group Holdings (NYSE:THR)

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