Thermon Group Holdings, Inc. (NYSE:THR) Position Raised by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 254,351 shares of the technology company's stock after purchasing an additional 10,714 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.75% of Thermon Group worth $7,318,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of THR. Northern Trust Corp raised its stake in Thermon Group by 10.8% during the fourth quarter. Northern Trust Corp now owns 336,909 shares of the technology company's stock worth $9,693,000 after acquiring an additional 32,755 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 worth $11,812,000 after purchasing an additional 29,146 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Thermon Group during the 4th quarter valued at approximately $47,000. Principal Financial Group Inc. boosted its position in Thermon Group by 7.6% during the 4th quarter. Principal Financial Group Inc. now owns 17,351 shares of the technology company's stock valued at $499,000 after purchasing an additional 1,226 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Thermon Group during the 4th quarter worth $755,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Analyst Ratings Changes

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

Thermon Group Stock Performance

NYSE:THR traded down $0.47 during mid-day trading on Friday, hitting $26.03. The stock had a trading volume of 239,045 shares, compared to its average volume of 169,584. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. The company has a 50 day simple moving average of $26.93 and a 200-day simple moving average of $28.66. The stock has a market capitalization of $861.31 million, a price-to-earnings ratio of 19.14 and a beta of 1.07. Thermon Group Holdings, Inc. has a 52 week low of $23.05 and a 52 week high of $34.36.

Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly 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 net margin of 9.48% and a return on equity of 11.72%. The company had revenue of $134.08 million for the quarter, compared to analyst estimates of $133.65 million. During the same quarter last year, the business earned $0.34 earnings per share. Thermon Group's revenue was up 5.0% compared to the same quarter last year. On average, 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.