26,259 Shares in Thermon Group Holdings, Inc. (NYSE:THR) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 26,259 shares of the technology company's stock, valued at approximately $755,000. Raymond James Financial Inc. owned 0.08% of Thermon Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of THR. Assetmark Inc. purchased a new stake in Thermon Group in the 4th quarter worth $26,000. Victory Capital Management Inc. increased its stake in shares of Thermon Group by 6.9% during the fourth quarter. Victory Capital Management Inc. now owns 42,750 shares of the technology company's stock worth $1,230,000 after purchasing an additional 2,750 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Thermon Group by 7.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 410,574 shares of the technology company's stock worth $11,812,000 after purchasing an additional 29,146 shares during the last quarter. Riverpoint Wealth Management Holdings LLC raised 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 purchasing an additional 805 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in Thermon Group by 14.5% in the 4th quarter. Rice Hall James & Associates LLC now owns 110,810 shares of the technology company's stock valued at $3,188,000 after buying an additional 14,054 shares in 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 cut Thermon Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th.

Thermon Group Price Performance

Shares of NYSE:THR traded down $0.90 during midday trading on Thursday, hitting $24.50. The company's stock had a trading volume of 151,821 shares, compared to its average volume of 170,797. Thermon Group Holdings, Inc. has a 12-month low of $23.05 and a 12-month high of $35.93. The company has a market cap of $825.41 million, a P/E ratio of 18.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. The business's 50 day simple moving average is $28.32 and its 200 day simple moving average is $28.96.

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