Thermon Group Holdings, Inc. (NYSE:THR) Short Interest Update

Thermon Group Holdings, Inc. (NYSE:THR - Get Free Report) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totalling 303,700 shares, a decline of 13.8% from the April 30th total of 352,300 shares. Based on an average trading volume of 194,800 shares, the short-interest ratio is presently 1.6 days. Approximately 1.0% of the company's shares are sold short.

Thermon Group Stock Performance

Shares of NYSE THR traded up $0.47 during midday trading on Friday, hitting $27.71. 215,357 shares of the company's stock traded hands, compared to its average volume of 171,641. Thermon Group has a 1 year low of $23.05 and a 1 year high of $34.36. The stock has a market capitalization of $916.93 million, a price-to-earnings ratio of 20.38 and a beta of 1.04. 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 firm has a fifty day moving average of $26.75 and a 200 day moving average of $28.53.

Thermon Group (NYSE:THR - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. The business had revenue of $134.08 million during the quarter, compared to the consensus estimate of $133.65 million. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. On average, analysts forecast that Thermon Group will post 1.88 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Thermon Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.

Institutional Trading of Thermon Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Thermon Group by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company's stock worth $97,338,000 after purchasing an additional 16,112 shares during the period. Dimensional Fund Advisors LP increased its stake in Thermon Group by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company's stock worth $50,574,000 after purchasing an additional 44,137 shares during the period. William Blair Investment Management LLC increased its stake in Thermon Group by 0.8% in the fourth quarter. William Blair Investment Management LLC now owns 857,633 shares of the technology company's stock worth $24,674,000 after purchasing an additional 6,821 shares during the period. Needham Investment Management LLC increased its stake in Thermon Group by 0.8% in the fourth quarter. Needham Investment Management LLC now owns 655,000 shares of the technology company's stock worth $18,844,000 after purchasing an additional 5,000 shares during the period. Finally, Medina Value Partners LLC purchased a new stake in Thermon Group in the fourth quarter worth $17,747,000. Hedge funds and other institutional investors own 99.76% of the company's stock.

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.