Thermon Group Holdings, Inc. (NYSE:THR) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 11.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 274,227 shares of the technology company's stock after buying an additional 27,235 shares during the quarter. JPMorgan Chase & Co. owned about 0.81% of Thermon Group worth $8,183,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Thermon Group by 10.0% during the 3rd quarter. FMR LLC now owns 2,186,280 shares of the technology company's stock worth $65,239,000 after purchasing an additional 198,642 shares during the period. Wellington Management Group LLP grew its position in Thermon Group by 15.5% during the third quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company's stock worth $39,526,000 after buying an additional 178,017 shares during the period. Geode Capital Management LLC increased its holdings in Thermon Group by 1.2% in the third quarter. Geode Capital Management LLC now owns 772,597 shares of the technology company's stock valued at $23,059,000 after buying an additional 8,910 shares in the last quarter. State Street Corp lifted its position in shares of Thermon Group by 0.8% during the 3rd quarter. State Street Corp now owns 769,187 shares of the technology company's stock valued at $22,953,000 after acquiring an additional 5,882 shares during the period. Finally, Needham Investment Management LLC boosted its stake in shares of Thermon Group by 21.5% during the 3rd quarter. Needham Investment Management LLC now owns 650,000 shares of the technology company's stock worth $19,396,000 after acquiring an additional 115,000 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

Insider Buying and Selling at Thermon Group

In related news, SVP David Buntin sold 28,137 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $32.15, for a total value of $904,604.55. Following the sale, the senior vice president now directly owns 57,773 shares of the company's stock, valued at approximately $1,857,401.95. This trade represents a 32.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by insiders.

Thermon Group Price Performance

NYSE THR traded up $0.35 during mid-day trading on Wednesday, hitting $28.96. The stock had a trading volume of 82,067 shares, compared to its average volume of 113,330. Thermon Group Holdings, Inc. has a 52-week low of $23.76 and a 52-week high of $35.93. The company has a quick ratio of 1.85, a current ratio of 2.80 and a debt-to-equity ratio of 0.29. The company has a 50 day simple moving average of $30.14 and a 200 day simple moving average of $29.75. The company has a market cap of $975.52 million, a price-to-earnings ratio of 22.63 and a beta of 1.11.

Thermon Group (NYSE:THR - Get Free Report) last posted its earnings results on Thursday, November 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.03. The firm had revenue of $114.60 million for the quarter, compared to analyst estimates of $116.19 million. Thermon Group had a return on equity of 12.08% and a net margin of 8.89%. Thermon Group's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. Equities analysts forecast that Thermon Group Holdings, Inc. will post 1.79 EPS for the current fiscal 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.