First Trust Advisors LP Has $1.17 Million Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

First Trust Advisors LP lessened its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 46.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,530 shares of the technology company's stock after selling 34,830 shares during the quarter. First Trust Advisors LP owned 0.12% of Thermon Group worth $1,166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Medina Value Partners LLC bought a new stake in Thermon Group in the 4th quarter valued at $17,747,000. Lightrock Netherlands B.V. bought a new stake in shares of Thermon Group in the fourth quarter valued at about $4,995,000. Kennedy Capital Management LLC boosted its position in shares of Thermon Group by 55.6% during the fourth quarter. Kennedy Capital Management LLC now owns 333,640 shares of the technology company's stock worth $9,599,000 after buying an additional 119,277 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Thermon Group by 16.7% during the fourth quarter. First Eagle Investment Management LLC now owns 319,411 shares of the technology company's stock worth $9,189,000 after buying an additional 45,800 shares in the last quarter. Finally, Barclays PLC raised its position in Thermon Group by 312.1% in the 3rd quarter. Barclays PLC now owns 54,149 shares of the technology company's stock valued at $1,616,000 after buying an additional 41,009 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Stock Up 0.6 %

NYSE:THR traded up $0.18 on Friday, hitting $28.66. 102,979 shares of the company's stock were exchanged, compared to its average volume of 167,289. The company has a market cap of $965.56 million, a P/E ratio of 21.07 and a beta of 1.07. The firm has a 50-day moving average price of $27.16 and a 200-day moving average price of $28.59. 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 52 week low of $23.05 and a 52 week high of $35.93.

Thermon Group (NYSE:THR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. As a group, analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.

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.