Charles Schwab Investment Management Inc. Boosts Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

Charles Schwab Investment Management Inc. raised its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 381,428 shares of the technology company's stock after acquiring an additional 19,083 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.13% of Thermon Group worth $11,382,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of THR. Comerica Bank raised its position in shares of Thermon Group by 8,193.5% during the 1st quarter. Comerica Bank now owns 12,855 shares of the technology company's stock valued at $421,000 after buying an additional 12,700 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Thermon Group by 9.8% during the 2nd quarter. QRG Capital Management Inc. now owns 6,838 shares of the technology company's stock valued at $210,000 after purchasing an additional 608 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Thermon Group during the 2nd quarter valued at about $504,000. Swedbank AB lifted its position in Thermon Group by 2.6% in the 2nd quarter. Swedbank AB now owns 635,000 shares of the technology company's stock worth $19,533,000 after buying an additional 16,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Thermon Group by 169.1% in the second quarter. Assenagon Asset Management S.A. now owns 200,354 shares of the technology company's stock worth $6,163,000 after buying an additional 125,903 shares in the last quarter. Institutional investors own 99.76% of the company's stock.

Thermon Group Trading Up 1.2 %

Shares of NYSE:THR traded up $0.39 on Tuesday, reaching $32.02. 102,657 shares of the company traded hands, compared to its average volume of 194,329. The stock has a market capitalization of $1.08 billion, a P/E ratio of 24.77 and a beta of 1.10. The business's 50-day simple moving average is $29.34 and its 200 day simple moving average is $30.06. The company has a current ratio of 2.80, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. Thermon Group Holdings, Inc. has a 52 week low of $23.76 and a 52 week high of $35.93.

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

Analyst Ratings Changes

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

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.