Thermon Group Holdings, Inc. (NYSE:THR) Stock Holdings Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 410,574 shares of the technology company’s stock after purchasing an additional 29,146 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Thermon Group were worth $11,812,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of THR. Venturi Wealth Management LLC acquired a new stake in shares of Thermon Group in the 4th quarter worth approximately $47,000. Congress Asset Management Co. bought a new stake in Thermon Group during the fourth quarter worth approximately $227,000. Principal Financial Group Inc. bought a new stake in Thermon Group during the third quarter worth approximately $481,000. Jacobs Levy Equity Management Inc. boosted its stake in Thermon Group by 8.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 18,715 shares of the technology company’s stock valued at $558,000 after purchasing an additional 1,529 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Thermon Group by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company’s stock valued at $595,000 after purchasing an additional 422 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Thermon Group Price Performance

NYSE THR opened at $29.26 on Friday. Thermon Group Holdings, Inc. has a 1 year low of $25.76 and a 1 year high of $35.93. The business’s fifty day moving average is $28.94 and its two-hundred day moving average is $29.19. The stock has a market capitalization of $985.60 million, a P/E ratio of 21.51 and a beta of 0.98. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56.

Thermon Group (NYSE:THR) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. On average, research analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.