Thermon Group Holdings, Inc. (NYSE:THR) Shares Bought by Lightrock Netherlands B.V.

Lightrock Netherlands B.V. increased its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 42.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 246,725 shares of the technology company's stock after purchasing an additional 73,948 shares during the period. Lightrock Netherlands B.V. owned 0.73% of Thermon Group worth $6,883,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of Thermon Group by 127.9% in the 4th quarter. Bank of America Corp DE now owns 73,363 shares of the technology company's stock worth $2,111,000 after purchasing an additional 41,178 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Thermon Group by 3.7% in the 1st quarter. Rhumbline Advisers now owns 48,192 shares of the technology company's stock worth $1,342,000 after purchasing an additional 1,709 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Thermon Group by 221.6% in the 1st quarter. SG Americas Securities LLC now owns 20,346 shares of the technology company's stock worth $567,000 after purchasing an additional 14,019 shares during the last quarter. Northern Trust Corp lifted 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 worth $9,693,000 after purchasing an additional 32,755 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Thermon Group by 7.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 410,574 shares of the technology company's stock valued at $11,812,000 after acquiring an additional 29,146 shares during the period. Institutional investors own 99.76% of the company's stock.

Analysts Set New Price Targets

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

Thermon Group Stock Performance

THR traded up $0.18 during trading hours on Friday, hitting $29.12. The company's stock had a trading volume of 62,894 shares, compared to its average volume of 171,600. 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 current ratio of 2.43, a quick ratio of 1.64 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $967.95 million, a PE ratio of 18.55 and a beta of 1.05. The company has a 50-day simple moving average of $27.81 and a 200 day simple moving average of $28.02.

Thermon Group (NYSE:THR - Get Free Report) last posted its earnings results on Thursday, May 22nd. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. Thermon Group had a return on equity of 13.08% and a net margin of 10.74%. The firm had revenue of $134.08 million for the quarter, compared to analysts' expectations of $133.65 million. During the same period last year, the firm earned $0.34 EPS. The firm's revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

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.