First Eagle Investment Management LLC Increases Stock Position in Thermon Group Holdings, Inc. $THR

First Eagle Investment Management LLC raised its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 400,510 shares of the technology company’s stock after purchasing an additional 8,532 shares during the quarter. First Eagle Investment Management LLC’s holdings in Thermon Group were worth $14,883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Intech Investment Management LLC lifted its holdings in shares of Thermon Group by 2.3% in the third quarter. Intech Investment Management LLC now owns 14,346 shares of the technology company’s stock valued at $383,000 after purchasing an additional 327 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Thermon Group by 18.5% in the third quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock valued at $70,000 after purchasing an additional 409 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Thermon Group by 68.1% in the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after purchasing an additional 620 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Thermon Group by 2.2% in the third quarter. Legal & General Group Plc now owns 38,133 shares of the technology company’s stock valued at $1,019,000 after purchasing an additional 807 shares in the last quarter. Finally, Riverpoint Wealth Management Holdings LLC lifted its holdings in shares of Thermon Group by 1.7% in the third quarter. Riverpoint Wealth Management Holdings LLC now owns 50,360 shares of the technology company’s stock valued at $1,346,000 after purchasing an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Thermon Group Stock Performance

Shares of THR opened at $65.48 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 37.21 and a beta of 0.83. The company’s 50 day simple moving average is $52.79 and its 200 day simple moving average is $44.18. Thermon Group Holdings, Inc. has a 1 year low of $23.86 and a 1 year high of $71.24.

Analyst Ratings Changes

THR has been the topic of several recent research reports. Wall Street Zen downgraded shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Zacks Research downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Roth Mkm downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. William Blair downgraded shares of Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, CJS Securities downgraded shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $57.00.

Thermon Group Company Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.