Algert Global LLC Increases Position in Thermon Group Holdings, Inc. (NYSE:THR)

Algert Global LLC grew its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 56.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,607 shares of the technology company's stock after buying an additional 17,124 shares during the quarter. Algert Global LLC owned 0.14% of Thermon Group worth $1,421,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its holdings in shares of Thermon Group by 8.3% in the 1st quarter. Lazard Asset Management LLC now owns 10,093 shares of the technology company's stock worth $330,000 after purchasing an additional 774 shares during the period. Comerica Bank lifted its stake in Thermon Group by 8,193.5% in the first quarter. Comerica Bank now owns 12,855 shares of the technology company's stock worth $421,000 after acquiring an additional 12,700 shares during the period. Swedbank AB bought a new position in Thermon Group during the 1st quarter worth about $20,254,000. Boston Partners raised its holdings in shares of Thermon Group by 26.0% in the 1st quarter. Boston Partners now owns 21,984 shares of the technology company's stock valued at $719,000 after purchasing an additional 4,533 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Thermon Group in the 1st quarter worth approximately $20,415,000. Institutional investors own 99.76% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Thermon Group from a "hold" rating to a "buy" rating in a research note on Saturday, September 14th.

Thermon Group Stock Down 0.4 %

THR traded down $0.14 on Friday, hitting $31.56. The company had a trading volume of 98,299 shares, compared to its average volume of 195,260. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 24.66 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.80. The stock has a fifty day moving average price of $29.01 and a 200-day moving average price of $30.26. Thermon Group Holdings, Inc. has a 12-month low of $23.76 and a 12-month high of $35.93.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.03. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. The firm had revenue of $114.60 million for the quarter, compared to the consensus estimate of $116.19 million. During the same quarter in the previous year, the firm earned $0.49 EPS. The company's quarterly revenue was down 7.4% compared to the same quarter last year. Analysts predict that Thermon Group Holdings, Inc. will post 1.79 EPS for the current fiscal year.

Thermon Group 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.