UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.22 Million Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 14.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,269 shares of the technology company's stock after buying an additional 9,718 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Thermon Group worth $2,223,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of THR. Quarry LP boosted its position in 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 buying an additional 647 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Thermon Group during the 4th quarter valued at $26,000. Venturi Wealth Management LLC acquired a new stake in shares of Thermon Group during the fourth quarter valued at about $47,000. AlphaQuest LLC boosted its position in Thermon Group by 57,825.0% during the 4th quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock worth $67,000 after buying an additional 2,313 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Thermon Group by 4,731.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock worth $111,000 after acquiring an additional 3,785 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Trading Down 0.2%

NYSE THR traded down $0.07 during mid-day trading on Tuesday, reaching $27.79. 246,073 shares of the stock were exchanged, compared to its average volume of 172,608. The stock has a market cap of $919.58 million, a P/E ratio of 20.43 and a beta of 1.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. Thermon Group Holdings, Inc. has a one year low of $23.05 and a one year high of $34.36. The stock has a 50 day simple moving average of $26.77 and a 200-day simple moving average of $28.49.

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 for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $133.65 million. During the same period last year, the company posted $0.34 EPS. The business's quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Thermon Group from a "buy" rating to a "strong-buy" rating in a report 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.