Thermon Group Holdings, Inc. (NYSE:THR) Shares Bought by Blair William & Co. IL

Blair William & Co. IL lifted its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,208 shares of the technology company’s stock after acquiring an additional 3,684 shares during the quarter. Blair William & Co. IL owned 0.58% of Thermon Group worth $6,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its position in Thermon Group by 9.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,017 shares of the technology company’s stock worth $216,000 after purchasing an additional 613 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in shares of Thermon Group in the second quarter valued at approximately $1,479,000. Meeder Asset Management Inc. acquired a new position in Thermon Group during the second quarter worth $60,000. Quest Partners LLC raised 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 acquiring an additional 1,045 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Thermon Group by 16.1% in the second quarter. Victory Capital Management Inc. now owns 36,000 shares of the technology company’s stock valued at $1,107,000 after acquiring an additional 5,000 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Stock Down 2.5 %

THR opened at $29.99 on Friday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 19.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.73 and a current ratio of 2.61. Thermon Group Holdings, Inc. has a one year low of $23.76 and a one year high of $35.93. The business’s fifty day moving average is $30.34 and its two-hundred day moving average is $31.04.

Thermon Group (NYSE:THR) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.07. The firm had revenue of $115.10 million during 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%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. Analysts anticipate that Thermon Group Holdings, Inc. will post 1.98 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on THR. Roth Mkm upped their price target on shares of Thermon Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. StockNews.com raised shares of Thermon Group from a “hold” rating to a “buy” rating in a report on Saturday, September 14th.

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.