Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 54.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,285 shares of the technology company's stock after selling 13,471 shares during the quarter. Sterling Capital Management LLC's holdings in Thermon Group were worth $325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Kennedy Capital Management LLC raised its position in Thermon Group by 55.6% in the 4th quarter. Kennedy Capital Management LLC now owns 333,640 shares of the technology company's stock worth $9,599,000 after purchasing an additional 119,277 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Thermon Group in the 4th quarter worth $755,000. Federated Hermes Inc. grew its position in shares of Thermon Group by 4.9% during the 4th quarter. Federated Hermes Inc. now owns 26,576 shares of the technology company's stock worth $765,000 after buying an additional 1,236 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Thermon Group in the fourth quarter worth about $327,000. Finally, Integrated Quantitative Investments LLC bought a new position in Thermon Group during the 4th quarter worth about $348,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Thermon Group Stock Down 0.3 %

THR stock traded down $0.09 during trading on Friday, reaching $26.10. 19,324 shares of the company traded hands, compared to its average volume of 187,260. The business has a 50 day simple moving average of $27.60 and a 200 day simple moving average of $28.69. Thermon Group Holdings, Inc. has a 12 month low of $23.05 and a 12 month high of $35.93. 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 company has a market capitalization of $879.31 million, a price-to-earnings ratio of 19.19 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 analysts' consensus estimates of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. On average, equities research analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

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.