Thermon Group Holdings, Inc. (NYSE:THR) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,757,889 shares of the technology company's stock after acquiring an additional 44,137 shares during the quarter. Dimensional Fund Advisors LP owned 5.22% of Thermon Group worth $50,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Thermon Group by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company's stock worth $97,338,000 after buying an additional 16,112 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Thermon Group by 0.8% in the 4th quarter. William Blair Investment Management LLC now owns 857,633 shares of the technology company's stock valued at $24,674,000 after purchasing an additional 6,821 shares in the last quarter. Swedbank AB lifted its position in shares of Thermon Group by 1.0% during the 4th quarter. Swedbank AB now owns 621,000 shares of the technology company's stock worth $17,866,000 after purchasing an additional 6,000 shares during the last quarter. Medina Value Partners LLC acquired a new position in shares of Thermon Group during the fourth quarter worth $17,747,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Thermon Group by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 410,574 shares of the technology company's stock valued at $11,812,000 after buying an additional 29,146 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Stock Performance

Shares of Thermon Group stock traded up $0.23 on Thursday, hitting $27.89. The stock had a trading volume of 17,944 shares, compared to its average volume of 167,060. The company's 50 day moving average price is $27.16 and its 200 day moving average price is $28.58. The stock has a market cap of $939.61 million, a price-to-earnings ratio of 20.51 and a beta of 1.07. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $35.93.

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

Wall Street Analysts Forecast Growth

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.