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

Kennedy Capital Management LLC boosted its stake in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 55.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,640 shares of the technology company's stock after buying an additional 119,277 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.99% of Thermon Group worth $9,599,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Assetmark Inc. acquired a new stake in shares of Thermon Group during the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC purchased a new stake in Thermon Group in the fourth quarter valued at $47,000. AlphaQuest LLC lifted its stake in shares of 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 holdings in shares of 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 worth $111,000 after purchasing an additional 3,785 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Thermon Group during the 4th quarter worth about $172,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Stock Performance

Shares of Thermon Group stock traded up $0.12 on Tuesday, hitting $25.02. The stock had a trading volume of 94,332 shares, compared to its average volume of 170,288. The stock has a market cap of $842.76 million, a price-to-earnings ratio of 18.39 and a beta of 0.96. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $35.93. The company's 50 day moving average price is $28.24 and its 200 day moving average price is $28.90.

Remove Ads

Thermon Group (NYSE:THR - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

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

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.