Wellington Management Group LLP Sells 21,579 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Wellington Management Group LLP trimmed its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,303,030 shares of the technology company's stock after selling 21,579 shares during the period. Wellington Management Group LLP owned approximately 3.87% of Thermon Group worth $37,488,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Swedbank AB grew its position in shares of Thermon Group by 1.0% during the 4th quarter. Swedbank AB now owns 621,000 shares of the technology company's stock valued at $17,866,000 after purchasing an additional 6,000 shares in the last quarter. Lightrock Netherlands B.V. purchased a new position in shares of Thermon Group during the 4th quarter valued at $4,995,000. Congress Asset Management Co. purchased a new position in shares of Thermon Group during the 4th quarter valued at $227,000. Principal Financial Group Inc. grew its position in shares of 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 in the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Thermon Group by 2.1% during the 4th quarter. D.A. Davidson & CO. now owns 29,908 shares of the technology company's stock valued at $860,000 after purchasing an additional 626 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Price Performance

Shares of THR traded down $0.13 during mid-day trading on Monday, reaching $25.81. 350,546 shares of the stock traded hands, compared to its average volume of 170,300. Thermon Group Holdings, Inc. has a 1 year low of $23.05 and a 1 year high of $34.36. The firm has a fifty day moving average price of $26.93 and a 200 day moving average price of $28.66. The company has a market cap of $854.03 million, a price-to-earnings ratio of 18.98 and a beta of 1.07. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share (EPS) 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 quarter in the previous year, the company posted $0.34 earnings per share. The company's revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Thermon Group 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.