Thermon Group Holdings, Inc. (NYSE:THR) Holdings Raised by Barclays PLC

Barclays PLC boosted its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 312.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,149 shares of the technology company's stock after acquiring an additional 41,009 shares during the quarter. Barclays PLC owned about 0.16% of Thermon Group worth $1,616,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quest Partners LLC boosted its holdings in Thermon Group by 2,375.0% in the second quarter. Quest Partners LLC now owns 1,089 shares of the technology company's stock valued at $33,000 after purchasing an additional 1,045 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Thermon Group during the second quarter worth approximately $40,000. Meeder Asset Management Inc. acquired a new stake in shares of Thermon Group during the second quarter worth approximately $60,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Thermon Group by 9.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,017 shares of the technology company's stock worth $216,000 after buying an additional 613 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Thermon Group by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,403 shares of the technology company's stock valued at $289,000 after acquiring an additional 804 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 stock traded down $0.42 on Friday, hitting $28.62. 148,607 shares of the stock traded hands, compared to its average volume of 194,570. The company's fifty day moving average is $29.74 and its 200 day moving average is $29.84. Thermon Group Holdings, Inc. has a 1-year low of $23.76 and a 1-year high of $35.93. The company has a market capitalization of $964.06 million, a PE ratio of 22.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.80 and a quick ratio of 1.85.

Thermon Group (NYSE:THR - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $114.60 million for the quarter, compared to the consensus estimate of $116.19 million. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. On average, equities research analysts predict that Thermon Group Holdings, Inc. will post 1.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at Thermon Group

In other news, SVP David Buntin sold 28,137 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total transaction of $904,604.55. Following the completion of the sale, the senior vice president now owns 57,773 shares in the company, valued at approximately $1,857,401.95. This represents a 32.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company's stock.

Thermon Group Company 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.