Thermon Group Holdings, Inc. (NYSE:THR) Shares Purchased by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. boosted its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 76.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 68,201 shares of the technology company's stock after purchasing an additional 29,575 shares during the period. Diamond Hill Capital Management Inc. owned about 0.20% of Thermon Group worth $1,962,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. AlphaQuest LLC increased its holdings in Thermon Group by 57,825.0% in the 4th quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock valued at $67,000 after purchasing an additional 2,313 shares during the last quarter. PNC Financial Services Group Inc. grew its stake 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Thermon Group in the fourth quarter worth $755,000. Assetmark Inc. acquired a new position in shares of Thermon Group in the fourth quarter worth $26,000. Finally, Victory Capital Management Inc. grew its stake in shares of Thermon Group by 6.9% in the fourth quarter. Victory Capital Management Inc. now owns 42,750 shares of the technology company's stock worth $1,230,000 after acquiring an additional 2,750 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Thermon Group Stock Up 0.2 %

Shares of NYSE:THR traded up $0.07 during trading on Wednesday, hitting $29.96. The company's stock had a trading volume of 186,350 shares, compared to its average volume of 164,611. The business has a 50 day moving average price of $28.86 and a two-hundred day moving average price of $29.19. The company has a market capitalization of $1.01 billion, a PE ratio of 22.03 and a beta of 0.98. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. Thermon Group Holdings, Inc. has a fifty-two week low of $25.76 and a fifty-two week high of $35.93.

Remove Ads

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, topping analysts' consensus estimates of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. As a group, research analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Analyst Ratings Changes

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

About Thermon Group

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.