First Eagle Investment Management LLC Increases Stock Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

First Eagle Investment Management LLC raised its position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 16.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 319,411 shares of the technology company's stock after purchasing an additional 45,800 shares during the period. First Eagle Investment Management LLC owned 0.95% of Thermon Group worth $9,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new position in Thermon Group in the 3rd quarter valued at $481,000. Barclays PLC increased its stake in shares of Thermon Group by 312.1% in the 3rd quarter. Barclays PLC now owns 54,149 shares of the technology company's stock worth $1,616,000 after acquiring an additional 41,009 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Thermon Group by 15.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company's stock worth $39,526,000 after acquiring an additional 178,017 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Thermon Group by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 274,227 shares of the technology company's stock worth $8,183,000 after acquiring an additional 27,235 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Thermon Group by 10.0% in the 3rd quarter. FMR LLC now owns 2,186,280 shares of the technology company's stock worth $65,239,000 after acquiring an additional 198,642 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

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Wall Street Analyst Weigh In

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

Thermon Group Trading Up 0.2 %

Shares of NYSE:THR traded up $0.07 during midday trading on Wednesday, reaching $29.96. 186,350 shares of the company's stock were exchanged, compared to its average volume of 164,611. The firm's 50 day simple moving average is $28.86 and its two-hundred day simple moving average is $29.19. 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 $1.01 billion, a price-to-earnings ratio of 22.03 and a beta of 0.98. Thermon Group Holdings, Inc. has a fifty-two week low of $25.76 and a fifty-two week high of $35.93.

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

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.