Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. lowered its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 29.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 242,850 shares of the technology company's stock after selling 102,850 shares during the quarter. Heartland Advisors Inc. owned 0.72% of Thermon Group worth $7,910,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Thermon Group during the third quarter worth approximately $248,000. Teacher Retirement System of Texas raised its position in Thermon Group by 21.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 51,212 shares of the technology company's stock valued at $1,407,000 after purchasing an additional 9,187 shares in the last quarter. Principal Financial Group Inc. raised its position in Thermon Group by 46.5% during the 3rd quarter. Principal Financial Group Inc. now owns 12,068 shares of the technology company's stock valued at $332,000 after purchasing an additional 3,829 shares in the last quarter. Premier Fund Managers Ltd purchased a new stake in shares of Thermon Group in the 3rd quarter worth $254,000. Finally, Swiss National Bank grew its position in shares of Thermon Group by 1.5% during the 3rd quarter. Swiss National Bank now owns 74,100 shares of the technology company's stock worth $2,036,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 99.76% of the company's stock.

Thermon Group Stock Up 1.3 %

THR stock traded up $0.44 during trading on Friday, reaching $34.99. 138,605 shares of the company traded hands, compared to its average volume of 246,512. The business has a 50 day simple moving average of $31.83 and a 200 day simple moving average of $30.72. Thermon Group Holdings, Inc. has a 12 month low of $21.11 and a 12 month high of $35.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.22. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 24.30 and a beta of 1.17.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. StockNews.com upgraded Thermon Group from a "hold" rating to a "buy" rating in a report on Saturday, May 4th. Roth Mkm assumed coverage on shares of Thermon Group in a research report on Wednesday, March 6th. They issued a "buy" rating and a $36.00 price target for the company. Finally, CJS Securities initiated coverage on shares of Thermon Group in a report on Monday, April 29th. They set an "outperform" rating and a $42.00 price objective on the stock.

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 provides 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.