Eagle Asset Management Inc. lowered its position in Thermon Group Holdings, Inc. (NYSE:THR) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,638,672 shares of the technology company’s stock after selling 3,500 shares during the quarter. Eagle Asset Management Inc. owned approximately 5.05% of Thermon Group worth $29,741,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of Thermon Group by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 7,904 shares of the technology company’s stock worth $152,000 after buying an additional 1,185 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Thermon Group during the 3rd quarter worth about $144,000. Legal & General Group Plc lifted its stake in shares of Thermon Group by 4.1% during the 2nd quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock worth $155,000 after buying an additional 320 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Thermon Group during the 1st quarter worth about $215,000. Finally, M&T Bank Corp lifted its stake in shares of Thermon Group by 0.8% during the 2nd quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock worth $232,000 after buying an additional 99 shares during the last quarter.

THR has been the subject of a number of research reports. TheStreet upgraded shares of Thermon Group from a “c” rating to a “b-” rating in a research note on Monday, October 23rd. Jefferies Group reaffirmed a “buy” rating and set a $25.00 price target (up from $21.00) on shares of Thermon Group in a research report on Friday, October 6th. Zacks Investment Research raised shares of Thermon Group from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, October 25th. SunTrust Banks reaffirmed a “hold” rating and set a $20.00 price target on shares of Thermon Group in a research report on Tuesday, October 24th. Finally, ValuEngine raised shares of Thermon Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $23.50.

Thermon Group Holdings, Inc. (NYSE THR) traded up $0.92 during trading hours on Thursday, reaching $23.66. 680,800 shares of the company were exchanged, compared to its average volume of 151,201. Thermon Group Holdings, Inc. has a 1-year low of $15.74 and a 1-year high of $26.50. The company has a market capitalization of $737.68, a price-to-earnings ratio of 54.14 and a beta of 1.04. The company has a current ratio of 3.73, a quick ratio of 2.95 and a debt-to-equity ratio of 0.15.

Thermon Group (NYSE:THR) last released its quarterly earnings results on Monday, October 23rd. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Thermon Group had a net margin of 5.65% and a return on equity of 4.39%. The business had revenue of $61.63 million for the quarter, compared to analyst estimates of $61.64 million. During the same period last year, the firm earned $0.10 earnings per share. Thermon Group’s revenue for the quarter was down 10.4% compared to the same quarter last year. analysts anticipate that Thermon Group Holdings, Inc. will post 0.49 EPS for the current fiscal year.

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Thermon Group Company Profile

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

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