Lazard Asset Management LLC Purchases 9,563 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Lazard Asset Management LLC grew its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 37.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 34,814 shares of the technology company's stock after buying an additional 9,563 shares during the period. Lazard Asset Management LLC owned approximately 0.10% of Thermon Group worth $1,001,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in THR. Vanguard Group Inc. increased its stake in Thermon Group by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company's stock valued at $97,338,000 after acquiring an additional 16,112 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Thermon Group by 2.6% during the 4th 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 grew its holdings in shares of Thermon Group by 0.8% during the 4th 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. Swedbank AB increased its position in shares of Thermon Group by 1.0% during the fourth quarter. Swedbank AB now owns 621,000 shares of the technology company's stock valued at $17,866,000 after purchasing an additional 6,000 shares during the period. Finally, Medina Value Partners LLC acquired a new position in shares of Thermon Group in the fourth quarter valued at $17,747,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.

Thermon Group Price Performance

Shares of Thermon Group stock traded down $2.36 during trading on Friday, hitting $26.51. 378,729 shares of the company's stock traded hands, compared to its average volume of 169,804. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $35.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. The company has a market cap of $893.22 million, a PE ratio of 19.49 and a beta of 1.07. The firm's fifty day moving average price is $27.35 and its 200 day moving average price is $28.78.

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