Barclays PLC Has $1.62 Million Stake in Thermon Group Holdings, Inc. (NYSE:THR)

Barclays PLC grew its position in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 312.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,149 shares of the technology company's stock after buying an additional 41,009 shares during the period. Barclays PLC owned approximately 0.16% of Thermon Group worth $1,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in Thermon Group during the third quarter worth approximately $481,000. Wellington Management Group LLP grew its holdings in shares of Thermon Group by 15.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company's stock worth $39,526,000 after purchasing an additional 178,017 shares in the last quarter. FMR LLC increased its position in shares of Thermon Group by 10.0% in the third 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. Jane Street Group LLC increased its position in shares of Thermon Group by 40.4% in the third quarter. Jane Street Group LLC now owns 48,458 shares of the technology company's stock worth $1,446,000 after purchasing an additional 13,950 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Thermon Group by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 381,428 shares of the technology company's stock valued at $11,382,000 after purchasing an additional 19,083 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Thermon Group from a "hold" rating to a "buy" rating in a report on Saturday, September 14th.

Insider Buying and Selling

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 completion of the transaction, the senior vice president now owns 57,773 shares in the company, valued at $1,857,401.95. This trade represents a 32.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by corporate insiders.

Thermon Group Price Performance

Shares of THR stock traded down $1.01 during trading hours on Friday, reaching $27.60. The company's stock had a trading volume of 156,019 shares, compared to its average volume of 121,070. Thermon Group Holdings, Inc. has a fifty-two week low of $23.76 and a fifty-two week high of $35.93. The firm's 50 day simple moving average is $30.06 and its 200-day simple moving average is $29.78. 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 market capitalization of $929.71 million, a price-to-earnings ratio of 21.56 and a beta of 1.11.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. The business 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% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. Sell-side analysts forecast that Thermon Group Holdings, Inc. will post 1.79 earnings per share for the current year.

About Thermon Group

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.