Dynamic Technology Lab Private Ltd purchased a new stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 11,370 shares of the technology company's stock, valued at approximately $327,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. purchased a new position in shares of Thermon Group during the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC purchased a new position in shares of Thermon Group during the fourth quarter worth $47,000. AlphaQuest LLC grew its stake in shares of Thermon Group by 57,825.0% in the fourth quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock valued at $67,000 after buying an additional 2,313 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Thermon Group by 4,731.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock valued at $111,000 after acquiring an additional 3,785 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Thermon Group in the 4th quarter valued at about $172,000. Institutional investors and hedge funds own 99.76% of the company's stock.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Thermon Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th.
Get Our Latest Report on THR
Thermon Group Stock Up 1.3 %
Shares of NYSE:THR traded up $0.32 on Tuesday, hitting $25.22. 11,915 shares of the company's stock were exchanged, compared to its average volume of 169,963. 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 1-year low of $23.05 and a 1-year high of $35.93. The company has a market capitalization of $849.49 million, a PE ratio of 18.50 and a beta of 0.96. The firm's 50-day moving average is $28.24 and its 200 day moving average is $28.90.
Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. Sell-side analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.
Thermon Group Company Profile
(
Free Report)
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.
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