Teachers Advisors LLC grew its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,153 shares of the technology company’s stock after acquiring an additional 2,841 shares during the period. Teachers Advisors LLC owned about 0.20% of Thermon Group Holdings worth $1,211,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Thermon Group Holdings by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 2,504,522 shares of the technology company’s stock valued at $52,194,000 after acquiring an additional 122,623 shares during the period. Van Berkom & Associates Inc. raised its stake in shares of Thermon Group Holdings by 0.4% in the 2nd quarter. Van Berkom & Associates Inc. now owns 2,332,101 shares of the technology company’s stock valued at $44,706,000 after acquiring an additional 8,860 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Thermon Group Holdings by 7.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,391,696 shares of the technology company’s stock valued at $29,003,000 after acquiring an additional 98,201 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Thermon Group Holdings by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,374,231 shares of the technology company’s stock valued at $28,639,000 after acquiring an additional 85,212 shares during the period. Finally, Fenimore Asset Management Inc. raised its stake in shares of Thermon Group Holdings by 0.4% in the 2nd quarter. Fenimore Asset Management Inc. now owns 537,915 shares of the technology company’s stock valued at $10,312,000 after acquiring an additional 2,125 shares during the period.

Thermon Group Holdings, Inc. (NYSE THR) opened at 21.30 on Tuesday. The stock has a 50 day moving average of $19.43 and a 200-day moving average of $18.82. The stock has a market cap of $690.16 million, a P/E ratio of 56.20 and a beta of 0.97. Thermon Group Holdings, Inc. has a 52 week low of $15.74 and a 52 week high of $22.36.

Thermon Group Holdings (NYSE:THR) last issued its quarterly earnings data on Monday, October 23rd. The technology company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. Thermon Group Holdings had a net margin of 5.65% and a return on equity of 4.39%. The business had revenue of $61.63 million during the quarter, compared to analysts’ expectations of $61.64 million. During the same period in the previous year, the company earned $0.10 earnings per share. Thermon Group Holdings’s revenue for the quarter was down 10.4% on a year-over-year basis. Analysts forecast that Thermon Group Holdings, Inc. will post $0.53 earnings per share for the current year.

A number of equities analysts have recently commented on THR shares. Jefferies Group LLC reissued a “buy” rating and issued a $25.00 target price (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Friday, October 6th. Zacks Investment Research raised shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub downgraded shares of Thermon Group Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. BMO Capital Markets cut their target price on shares of Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. Finally, Wolfe Research downgraded shares of Thermon Group Holdings from a “market perform” rating to an “underperform” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.50.

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About Thermon Group Holdings

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

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