Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its position in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 992,802 shares of the technology company's stock after selling 37,016 shares during the quarter. Brown Advisory Inc. owned 2.95% of Thermon Group worth $28,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its position in Thermon Group by 127.9% during the fourth quarter. Bank of America Corp DE now owns 73,363 shares of the technology company's stock worth $2,111,000 after purchasing an additional 41,178 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Thermon Group by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 515,791 shares of the technology company's stock valued at $14,839,000 after acquiring an additional 1,726 shares during the last quarter. PDT Partners LLC raised its position in Thermon Group by 29.1% during the fourth quarter. PDT Partners LLC now owns 48,399 shares of the technology company's stock worth $1,392,000 after acquiring an additional 10,900 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Thermon Group by 10.8% in the fourth quarter. Northern Trust Corp now owns 336,909 shares of the technology company's stock valued at $9,693,000 after purchasing an additional 32,755 shares in the last quarter. Finally, Quarry LP grew its position in shares of Thermon Group by 314.1% in 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 last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Thermon Group Trading Up 0.6 %

Shares of Thermon Group stock traded up $0.18 during mid-day trading on Friday, hitting $28.66. 102,979 shares of the stock were exchanged, compared to its average volume of 167,434. The company has a 50-day simple moving average of $27.16 and a 200 day simple moving average of $28.60. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $965.56 million, a price-to-earnings ratio of 21.07 and a beta of 1.07. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $35.93.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share 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%. Research analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.

About Thermon Group

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.