Geode Capital Management LLC Decreases Stake in Thermon Group Holdings, Inc. (NYSE:THR)

Geode Capital Management LLC cut its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 759,962 shares of the technology company's stock after selling 12,635 shares during the period. Geode Capital Management LLC owned 2.26% of Thermon Group worth $21,870,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in Thermon Group by 2.1% during the third quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company's stock worth $595,000 after purchasing an additional 422 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Thermon Group by 2.1% during the 4th quarter. D.A. Davidson & CO. now owns 29,908 shares of the technology company's stock worth $860,000 after buying an additional 626 shares in the last quarter. Riverpoint Wealth Management Holdings LLC grew its position in shares of Thermon Group by 1.7% during 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 period. American Century Companies Inc. grew its position in shares of Thermon Group by 1.7% during the 4th quarter. American Century Companies Inc. now owns 49,926 shares of the technology company's stock worth $1,436,000 after buying an additional 857 shares during the period. Finally, Assetmark Inc. bought a new stake in shares of Thermon Group in the 4th quarter valued at $26,000. Institutional investors own 99.76% of the company's stock.

Thermon Group Stock Up 1.4 %

NYSE:THR traded up $0.35 on Thursday, hitting $25.81. The stock had a trading volume of 12,162 shares, compared to its average volume of 169,325. The company has a market cap of $869.37 million, a PE ratio of 18.91 and a beta of 0.96. Thermon Group Holdings, Inc. has a 52 week low of $23.00 and a 52 week high of $35.93. The business's fifty day moving average is $27.68 and its 200 day moving average is $28.70. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28.

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 (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%. On average, equities research analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a report 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.