Dimensional Fund Advisors LP Cuts Stock Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

Dimensional Fund Advisors LP decreased its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,742,808 shares of the technology company’s stock after selling 43,042 shares during the period. Dimensional Fund Advisors LP owned about 0.05% of Thermon Group worth $53,608,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Quest Partners LLC boosted its position in Thermon Group by 2,375.0% in the second quarter. Quest Partners LLC now owns 1,089 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,045 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Thermon Group in the second quarter worth $60,000. EntryPoint Capital LLC boosted its position in Thermon Group by 421.1% in the first quarter. EntryPoint Capital LLC now owns 6,331 shares of the technology company’s stock worth $207,000 after purchasing an additional 5,116 shares during the last quarter. QRG Capital Management Inc. boosted its position in Thermon Group by 9.8% in the second quarter. QRG Capital Management Inc. now owns 6,838 shares of the technology company’s stock worth $210,000 after purchasing an additional 608 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Thermon Group in the first quarter worth $255,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th.

Thermon Group Stock Up 2.2 %

THR stock opened at $29.85 on Friday. The stock has a market cap of $1.01 billion, a P/E ratio of 19.90 and a beta of 1.06. The stock’s fifty day simple moving average is $29.99 and its two-hundred day simple moving average is $31.09. The company has a current ratio of 2.61, a quick ratio of 1.73 and a debt-to-equity ratio of 0.31. Thermon Group Holdings, Inc. has a 1-year low of $23.76 and a 1-year high of $35.93.

Thermon Group (NYSE:THR) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.07. The firm had revenue of $115.10 million for the quarter, compared to analyst estimates of $115.99 million. Thermon Group had a return on equity of 13.26% and a net margin of 9.78%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. Analysts expect that Thermon Group Holdings, Inc. will post 1.98 EPS for the current year.

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 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.