Diamond Hill Capital Management Inc. Boosts Stock Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

Diamond Hill Capital Management Inc. lifted its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 35.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,054 shares of the technology company's stock after acquiring an additional 23,853 shares during the quarter. Diamond Hill Capital Management Inc. owned 0.27% of Thermon Group worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Riverpoint Wealth Management Holdings LLC increased its position in shares of Thermon Group by 1.7% during the first quarter. Riverpoint Wealth Management Holdings LLC now owns 48,687 shares of the technology company's stock worth $1,356,000 after acquiring an additional 825 shares during the period. GW&K Investment Management LLC increased its position in shares of Thermon Group by 1.6% during the first quarter. GW&K Investment Management LLC now owns 592,262 shares of the technology company's stock worth $16,494,000 after acquiring an additional 9,292 shares during the period. CWM LLC increased its position in shares of Thermon Group by 68.9% during the first quarter. CWM LLC now owns 922 shares of the technology company's stock worth $26,000 after acquiring an additional 376 shares during the period. Cerity Partners LLC purchased a new stake in shares of Thermon Group during the first quarter worth $446,000. Finally, Bank of New York Mellon Corp increased its position in shares of Thermon Group by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 109,898 shares of the technology company's stock worth $3,061,000 after acquiring an additional 631 shares during the period. Hedge funds and other institutional investors own 99.76% of the company's stock.

Thermon Group Stock Up 0.5%

Shares of THR stock traded up $0.13 on Friday, reaching $28.13. 87,760 shares of the stock were exchanged, compared to its average volume of 129,857. 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 business's 50 day moving average price is $27.77 and its 200 day moving average price is $27.93. The company has a market capitalization of $935.17 million, a price-to-earnings ratio of 17.92 and a beta of 1.05. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $33.74.

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 (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $133.65 million. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Thermon Group's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.