Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,111 shares of the technology company's stock after selling 13,116 shares during the period. JPMorgan Chase & Co. owned about 0.78% of Thermon Group worth $7,512,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. EntryPoint Capital LLC purchased a new position in shares of Thermon Group during the fourth quarter valued at approximately $554,000. Vanguard Group Inc. raised its holdings in Thermon Group by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company's stock valued at $97,338,000 after acquiring an additional 16,112 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Thermon Group in the 4th quarter valued at $175,000. Sei Investments Co. lifted its stake in shares of Thermon Group by 7.0% during the 4th quarter. Sei Investments Co. now owns 16,887 shares of the technology company's stock worth $486,000 after purchasing an additional 1,098 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Thermon Group by 1.7% during the fourth quarter. American Century Companies Inc. now owns 49,926 shares of the technology company's stock worth $1,436,000 after purchasing an additional 857 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Thermon Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.

Thermon Group Trading Up 4.0 %

Thermon Group stock traded up $0.96 during trading on Tuesday, reaching $25.04. The company had a trading volume of 132,618 shares, compared to its average volume of 170,002. Thermon Group Holdings, Inc. has a 12-month low of $23.05 and a 12-month high of $35.93. The stock's 50 day moving average price is $27.77 and its two-hundred day moving average price is $28.72. The firm has a market capitalization of $843.73 million, a price-to-earnings ratio of 18.41 and a beta of 0.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56.

Thermon Group (NYSE:THR - Get Free Report) last issued its 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, equities 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.