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

Brown Advisory Inc. lessened its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 973,943 shares of the technology company's stock after selling 18,859 shares during the quarter. Brown Advisory Inc. owned 2.89% of Thermon Group worth $27,124,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted 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 purchasing an additional 16,112 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Thermon Group by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company's stock worth $50,574,000 after purchasing an additional 44,137 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Thermon Group by 0.8% during the fourth quarter. William Blair Investment Management LLC now owns 857,633 shares of the technology company's stock worth $24,674,000 after purchasing an additional 6,821 shares in the last quarter. Needham Investment Management LLC lifted its position in shares of Thermon Group by 0.8% during the fourth quarter. Needham Investment Management LLC now owns 655,000 shares of the technology company's stock worth $18,844,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Medina Value Partners LLC acquired a new stake in shares of Thermon Group during the fourth quarter worth about $17,747,000. Hedge funds and other institutional investors own 99.76% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Thermon Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.

Thermon Group Stock Down 1.2%

Shares of THR traded down $0.34 during mid-day trading on Friday, hitting $28.12. 149,145 shares of the company's stock were exchanged, compared to its average volume of 171,962. The stock's 50-day moving average is $27.97 and its 200-day moving average is $27.98. The company has a market cap of $934.81 million, a price-to-earnings ratio of 17.91 and a beta of 1.05. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $34.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.64 and a current ratio of 2.43.

Thermon Group (NYSE:THR - Get Free Report) last issued its 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 firm had revenue of $134.08 million for the quarter, compared to analysts' expectations of $133.65 million. Thermon Group had a net margin of 10.74% and a return on equity of 13.08%. The firm's revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. On average, sell-side analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Thermon Group Company 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.