PDT Partners LLC Purchases 10,900 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

PDT Partners LLC raised its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 29.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,399 shares of the technology company's stock after buying an additional 10,900 shares during the period. PDT Partners LLC owned about 0.14% of Thermon Group worth $1,392,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Thermon Group by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 274,227 shares of the technology company's stock worth $8,183,000 after acquiring an additional 27,235 shares during the period. Barclays PLC raised its position in shares of Thermon Group by 312.1% during the 3rd quarter. Barclays PLC now owns 54,149 shares of the technology company's stock valued at $1,616,000 after purchasing an additional 41,009 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Thermon Group by 7.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 410,574 shares of the technology company's stock valued at $11,812,000 after buying an additional 29,146 shares in the last quarter. Venturi Wealth Management LLC bought a new position in Thermon Group in the 4th quarter worth $47,000. Finally, Principal Financial Group Inc. purchased a new stake in Thermon Group in the 3rd quarter worth $481,000. 99.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Thermon Group Price Performance

Shares of Thermon Group stock traded down $0.21 on Monday, hitting $27.45. 44,461 shares of the company traded hands, compared to its average volume of 167,759. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. The business has a 50-day simple moving average of $27.28 and a 200 day simple moving average of $28.60. Thermon Group Holdings, Inc. has a 52 week low of $23.05 and a 52 week high of $35.93. The stock has a market capitalization of $924.86 million, a P/E ratio of 20.24 and a beta of 0.96.

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

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.