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% during the fourth quarter, according to its most recent disclosure 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 about 3.87% of Thermon Group worth $37,488,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quarry LP raised its holdings in shares of 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 purchasing an additional 647 shares during the last quarter. Assetmark Inc. purchased a new stake in Thermon Group during the fourth quarter worth about $26,000. Venturi Wealth Management LLC purchased a new stake in Thermon Group during the fourth quarter worth about $47,000. AlphaQuest LLC increased its holdings in Thermon Group by 57,825.0% during the fourth 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 last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Thermon Group by 4,731.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock worth $111,000 after buying an additional 3,785 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

Thermon Group Stock Performance

Shares of THR traded up $0.30 during trading hours on Wednesday, hitting $26.90. The company's stock had a trading volume of 89,548 shares, compared to its average volume of 170,801. The company has a market cap of $890.09 million, a price-to-earnings ratio of 19.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. The business has a 50 day simple moving average of $26.80 and a two-hundred day simple moving average of $28.62. 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 released its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. The business had revenue of $134.08 million during the quarter, compared to analysts' expectations of $133.65 million. During the same quarter in the previous year, the company earned $0.34 EPS. The business's quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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.

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.