Deutsche Bank AG Buys 10,460 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Deutsche Bank AG lifted its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,118 shares of the technology company's stock after purchasing an additional 10,460 shares during the period. Deutsche Bank AG owned 0.82% of Thermon Group worth $7,915,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position 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 buying an additional 16,112 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Thermon Group by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company's stock worth $50,574,000 after acquiring an additional 44,137 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of 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 in the last quarter. Swedbank AB grew its position in shares of Thermon Group by 1.0% during the fourth quarter. Swedbank AB now owns 621,000 shares of the technology company's stock worth $17,866,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Medina Value Partners LLC purchased a new position in Thermon Group in the 4th quarter worth approximately $17,747,000. 99.76% of the stock is owned by institutional investors.

Thermon Group Price Performance

Shares of Thermon Group stock traded up $0.79 during trading on Thursday, reaching $29.91. 51,978 shares of the stock traded hands, compared to its average volume of 168,191. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $35.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. The business has a fifty day simple moving average of $27.37 and a two-hundred day simple moving average of $28.76. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 21.99 and a beta of 1.07.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.60). Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. Sell-side analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 25th.

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.