American Century Companies Inc. Sells 904 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

American Century Companies Inc. lowered its position in Thermon Group Holdings, Inc. (NYSE:THR) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,292 shares of the technology company’s stock after selling 904 shares during the period. American Century Companies Inc. owned 0.12% of Thermon Group worth $1,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in THR. QRG Capital Management Inc. raised its holdings 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 in the last quarter. Lazard Asset Management LLC grew its position in shares of Thermon Group by 8.3% in the 1st quarter. Lazard Asset Management LLC now owns 10,093 shares of the technology company’s stock worth $330,000 after buying an additional 774 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Thermon Group by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,403 shares of the technology company’s stock worth $289,000 after acquiring an additional 804 shares in the last quarter. Quest Partners LLC lifted its position in Thermon Group by 2,375.0% during the 2nd quarter. Quest Partners LLC now owns 1,089 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,045 shares during the period. Finally, Rhumbline Advisers lifted its position in Thermon Group by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 54,834 shares of the technology company’s stock valued at $1,687,000 after acquiring an additional 1,208 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

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

Thermon Group Trading Down 0.0 %

Thermon Group stock opened at $29.84 on Tuesday. Thermon Group Holdings, Inc. has a 12 month low of $23.76 and a 12 month high of $35.93. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 19.89 and a beta of 1.06. The business’s fifty day simple moving average is $29.93 and its two-hundred day simple moving average is $31.12. 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 (NYSE:THR) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.31 by $0.07. The company had revenue of $115.10 million for the quarter, compared to the consensus estimate of $115.99 million. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. Thermon Group’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. As a group, equities analysts predict that Thermon Group Holdings, Inc. will post 1.98 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.