Brown Advisory Inc. Cuts Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

Brown Advisory Inc. trimmed its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 992,802 shares of the technology company's stock after selling 37,016 shares during the period. Brown Advisory Inc. owned 2.95% of Thermon Group worth $28,563,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Quarry LP raised its stake in shares of Thermon Group by 314.1% during the fourth quarter. Quarry LP now owns 853 shares of the technology company's stock valued at $25,000 after purchasing an additional 647 shares during the period. Assetmark Inc. acquired a new stake in shares of Thermon Group during the fourth quarter valued at about $26,000. Venturi Wealth Management LLC purchased a new stake in shares of Thermon Group during the fourth quarter worth about $47,000. AlphaQuest LLC grew its stake in Thermon Group by 57,825.0% during the 4th quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock valued at $67,000 after purchasing an additional 2,313 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Thermon Group by 4,731.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock worth $111,000 after purchasing an additional 3,785 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

Thermon Group Stock Performance

Shares of THR stock opened at $27.49 on Tuesday. The stock has a market capitalization of $926.14 million, a price-to-earnings ratio of 20.21 and a beta of 1.07. Thermon Group Holdings, Inc. has a one year low of $23.05 and a one year high of $35.93. The company's 50-day simple moving average is $27.23 and its 200-day simple moving average is $28.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56.

Thermon Group (NYSE:THR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. Equities analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th.

Thermon Group Profile

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.

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