SG Americas Securities LLC Grows Stake in Thermon Group Holdings, Inc. (NYSE:THR)

SG Americas Securities LLC increased its position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 221.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,346 shares of the technology company's stock after acquiring an additional 14,019 shares during the quarter. SG Americas Securities LLC owned about 0.06% of Thermon Group worth $567,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of THR. Principal Financial Group Inc. boosted its stake in Thermon Group by 7.6% during the fourth quarter. Principal Financial Group Inc. now owns 17,351 shares of the technology company's stock valued at $499,000 after buying an additional 1,226 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Thermon Group by 2.1% in the 4th quarter. D.A. Davidson & CO. now owns 29,908 shares of the technology company's stock valued at $860,000 after acquiring an additional 626 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Thermon Group during the 4th quarter valued at about $47,000. Riverpoint Wealth Management Holdings LLC grew its holdings in shares of Thermon Group by 1.7% during the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 47,862 shares of the technology company's stock worth $1,377,000 after purchasing an additional 805 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Thermon Group by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 410,574 shares of the technology company's stock worth $11,812,000 after purchasing an additional 29,146 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

Wall Street Analysts Forecast Growth

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

Thermon Group Price Performance

NYSE:THR traded up $1.00 during midday trading on Thursday, hitting $28.08. The company had a trading volume of 169,059 shares, compared to its average volume of 172,321. The company has a market capitalization of $933.51 million, a PE ratio of 17.89 and a beta of 1.04. The company has a quick ratio of 1.64, a current ratio of 2.43 and a debt-to-equity ratio of 0.24. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $34.36. The stock's fifty day moving average price is $27.41 and its 200-day moving average price is $28.15.

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

About Thermon Group

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.