Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lowered its position in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 17.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,536,656 shares of the technology company's stock after selling 738,729 shares during the period. T. Rowe Price Investment Management Inc. owned about 10.50% of Thermon Group worth $101,750,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Assetmark Inc. bought a new stake in Thermon Group during the 4th quarter valued at $26,000. Venturi Wealth Management LLC bought a new stake in Thermon Group during the 4th quarter valued at $47,000. AlphaQuest LLC increased its position in shares of Thermon Group by 57,825.0% during the fourth quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock valued at $67,000 after buying an additional 2,313 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Thermon Group by 4,731.3% in the fourth 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 bought a new position in shares of Thermon Group in the 4th quarter worth $172,000. Institutional investors and hedge funds own 99.76% of the company's stock.

Wall Street Analyst Weigh In

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

Thermon Group Stock Performance

Shares of NYSE THR traded down $0.15 during midday trading on Monday, hitting $26.13. 94,150 shares of the company's stock traded hands, compared to its average volume of 168,972. The firm has a fifty day moving average of $27.54 and a 200 day moving average of $28.68. Thermon Group Holdings, Inc. has a 1 year low of $23.05 and a 1 year high of $35.93. 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 stock has a market capitalization of $880.32 million, a price-to-earnings ratio of 19.21 and a beta of 0.96.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share for the quarter, beating 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 earnings per share for the current year.

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.