Thermon Group Holdings, Inc. (NYSE:THR) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 336,909 shares of the technology company's stock after acquiring an additional 32,755 shares during the quarter. Northern Trust Corp owned about 1.00% of Thermon Group worth $9,693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP lifted its position in shares of Thermon Group by 314.1% in the fourth quarter. Quarry LP now owns 853 shares of the technology company's stock valued at $25,000 after acquiring an additional 647 shares in the last quarter. Assetmark Inc. purchased a new position in shares of Thermon Group in the fourth quarter valued at approximately $26,000. Venturi Wealth Management LLC purchased a new position in shares of Thermon Group in the fourth quarter valued at approximately $47,000. AlphaQuest LLC lifted its position in shares of Thermon Group by 57,825.0% in the fourth quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock valued at $67,000 after acquiring an additional 2,313 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Thermon Group by 4,731.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock valued at $111,000 after acquiring an additional 3,785 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

Analyst Ratings Changes

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

Thermon Group Trading Down 8.2%

Thermon Group stock traded down $2.36 during trading on Friday, reaching $26.51. 378,729 shares of the company were exchanged, compared to its average volume of 169,667. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $35.84. The company has a market capitalization of $893.22 million, a P/E ratio of 19.49 and a beta of 1.07. 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 stock's 50 day simple moving average is $27.28 and its two-hundred day simple moving average is $28.77.

Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The technology company reported $0.56 EPS for the quarter, topping 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 firm had revenue of $134.08 million for the quarter, compared to the consensus estimate of $133.65 million. During the same quarter last year, the business posted $0.34 earnings per share. The firm's revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts expect 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.