Great Lakes Advisors LLC increased its stake in Thermon Group Holdings Inc. (NYSE:THR) by 4.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 318,790 shares of the company’s stock after buying an additional 14,547 shares during the period. Great Lakes Advisors LLC owned 0.99% of Thermon Group Holdings worth $6,296,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in Thermon Group Holdings during the third quarter valued at $103,000. Nisa Investment Advisors LLC increased its position in Thermon Group Holdings by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the company’s stock valued at $117,000 after buying an additional 500 shares during the last quarter. BlackRock Inc. increased its position in Thermon Group Holdings by 224.0% in the second quarter. BlackRock Inc. now owns 8,518 shares of the company’s stock valued at $164,000 after buying an additional 5,889 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in Thermon Group Holdings during the second quarter valued at $165,000. Finally, CHICAGO TRUST Co NA increased its position in Thermon Group Holdings by 4.4% in the third quarter. CHICAGO TRUST Co NA now owns 10,798 shares of the company’s stock valued at $213,000 after buying an additional 453 shares during the last quarter.

Institutional Ownership by Quarter for Thermon Group Holdings (NYSE:THR)

Shares of Thermon Group Holdings Inc. (NYSE:THR) traded up 0.79% during mid-day trading on Wednesday, hitting $19.22. 499,157 shares of the stock traded hands. Thermon Group Holdings Inc. has a 12 month low of $13.97 and a 12 month high of $21.87. The firm has a 50 day moving average of $19.45 and a 200 day moving average of $19.55. The stock has a market cap of $621.31 million, a price-to-earnings ratio of 34.95 and a beta of 1.05.

Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by $0.04. The firm had revenue of $68.80 million for the quarter, compared to the consensus estimate of $68.07 million. Thermon Group Holdings had a return on equity of 6.80% and a net margin of 6.35%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 EPS. On average, equities analysts expect that Thermon Group Holdings Inc. will post $0.46 EPS for the current fiscal year.

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Several research analysts have weighed in on THR shares. Zacks Investment Research upgraded shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, October 6th. BMO Capital Markets set a $19.00 price target on shares of Thermon Group Holdings and gave the stock a “hold” rating in a research report on Wednesday, September 14th. Finally, SunTrust Banks Inc. decreased their price target on shares of Thermon Group Holdings from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, August 4th.

About Thermon Group Holdings

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