Boston Partners Decreases Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

Boston Partners cut its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 66.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,709 shares of the technology company's stock after selling 17,492 shares during the period. Boston Partners' holdings in Thermon Group were worth $251,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Assetmark Inc. bought a new position in shares of Thermon Group during the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC acquired a new position in Thermon Group during the 4th quarter valued at approximately $47,000. AlphaQuest LLC boosted its position in Thermon Group by 57,825.0% in the 4th quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock worth $67,000 after purchasing an additional 2,313 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Thermon Group by 4,731.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock worth $111,000 after acquiring an additional 3,785 shares during the period. Finally, Congress Asset Management Co. purchased a new stake in shares of Thermon Group in the fourth quarter valued at approximately $227,000. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Stock Down 1.7 %

Shares of Thermon Group stock traded down $0.50 during trading on Thursday, hitting $28.98. 122,542 shares of the stock were exchanged, compared to its average volume of 164,645. Thermon Group Holdings, Inc. has a 12-month low of $25.76 and a 12-month high of $35.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. The stock has a market cap of $976.27 million, a price-to-earnings ratio of 21.31 and a beta of 0.98. The firm's 50-day moving average price is $29.03 and its 200 day moving average price is $29.22.

Remove Ads

Thermon Group (NYSE:THR - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. As a group, analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.

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.