Lightrock Netherlands B.V. boosted its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 42.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 246,725 shares of the technology company's stock after acquiring an additional 73,948 shares during the period. Lightrock Netherlands B.V. owned 0.73% of Thermon Group worth $6,883,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of THR. Vanguard Group Inc. boosted 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 boosted 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 boosted 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 boosted 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 bought a new position in shares of Thermon Group during the fourth quarter worth $17,747,000. Institutional investors and hedge funds own 99.76% of the company's stock.
Analyst Upgrades and Downgrades
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.
View Our Latest Report on Thermon Group
Thermon Group Stock Down 0.1%
NYSE:THR traded down $0.04 on Tuesday, hitting $28.25. 129,366 shares of the company's stock were exchanged, compared to its average volume of 171,413. The firm has a 50-day moving average price of $27.89 and a 200-day moving average price of $28.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.43 and a quick ratio of 1.64. Thermon Group Holdings, Inc. has a 52 week low of $23.05 and a 52 week high of $34.36. The company has a market cap of $939.03 million, a P/E ratio of 17.99 and a beta of 1.05.
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, topping the consensus estimate of $0.50 by $0.06. Thermon Group had a net margin of 10.74% and a return on equity of 13.08%. The company had revenue of $134.08 million for the quarter, compared to analyst estimates of $133.65 million. During the same period in the previous year, the business earned $0.34 EPS. Thermon Group's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.
Thermon Group Profile
(
Free Report)
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.
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