Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 52.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,227 shares of the technology company's stock after selling 10,084 shares during the quarter. BNP Paribas Financial Markets' holdings in Thermon Group were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of THR. Ameriprise Financial Inc. increased its holdings in shares of 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 period. PDT Partners LLC increased its holdings in shares of Thermon Group by 29.1% in the 4th quarter. PDT Partners LLC now owns 48,399 shares of the technology company's stock valued at $1,392,000 after acquiring an additional 10,900 shares during the period. Northern Trust Corp increased its holdings in shares of Thermon Group by 10.8% in the 4th quarter. Northern Trust Corp now owns 336,909 shares of the technology company's stock valued at $9,693,000 after acquiring an additional 32,755 shares during the period. Quarry LP increased its holdings in shares of Thermon Group by 314.1% in the 4th quarter. Quarry LP now owns 853 shares of the technology company's stock valued at $25,000 after acquiring an additional 647 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Thermon Group in the 4th quarter valued at $419,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Stock Down 1.8%

THR stock traded down $0.47 on Friday, hitting $26.03. 239,045 shares of the company's stock were exchanged, compared to its average volume of 169,584. Thermon Group Holdings, Inc. has a 12-month low of $23.05 and a 12-month high of $34.36. The firm has a 50 day moving average price of $26.93 and a two-hundred day moving average price of $28.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. The stock has a market cap of $861.31 million, a P/E ratio of 19.14 and a beta of 1.07.

Thermon Group (NYSE:THR - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. The business had revenue of $134.08 million for the quarter, compared to the consensus estimate of $133.65 million. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. As a group, equities research analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Thermon Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th.

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.