Charles Schwab Investment Management Inc. Increases Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

Charles Schwab Investment Management Inc. increased its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 410,574 shares of the technology company's stock after purchasing an additional 29,146 shares during the period. Charles Schwab Investment Management Inc. owned 1.22% of Thermon Group worth $11,812,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. increased its holdings in shares of Thermon Group by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company's stock valued at $595,000 after acquiring an additional 422 shares during the period. D.A. Davidson & CO. lifted its position in shares of Thermon Group by 1.8% during the third quarter. D.A. Davidson & CO. now owns 29,282 shares of the technology company's stock valued at $874,000 after buying an additional 506 shares during the last quarter. Riverpoint Wealth Management Holdings LLC grew its position in shares of Thermon Group by 1.7% in the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 47,862 shares of the technology company's stock worth $1,377,000 after buying an additional 805 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Thermon Group by 7.6% in the fourth quarter. Principal Financial Group Inc. now owns 17,351 shares of the technology company's stock valued at $499,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Thermon Group by 8.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 18,715 shares of the technology company's stock worth $558,000 after purchasing an additional 1,529 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Thermon Group Stock Performance

NYSE:THR traded down $0.22 during trading hours on Tuesday, hitting $30.24. 213,637 shares of the company were exchanged, compared to its average volume of 165,056. The company's 50 day moving average price is $28.98 and its 200-day moving average price is $29.20. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 22.24 and a beta of 0.98. Thermon Group Holdings, Inc. has a 52-week low of $25.76 and a 52-week 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.

Thermon Group (NYSE:THR - Get Free Report) last issued its earnings results on Thursday, February 6th. The technology company reported $0.56 EPS 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, research analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

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.