Vanguard Group Inc. Buys 16,112 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Vanguard Group Inc. raised its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 0.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,383,299 shares of the technology company's stock after buying an additional 16,112 shares during the quarter. Vanguard Group Inc. owned 10.04% of Thermon Group worth $97,338,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Thermon Group by 312.1% in the third quarter. Barclays PLC now owns 54,149 shares of the technology company's stock valued at $1,616,000 after buying an additional 41,009 shares during the period. Wellington Management Group LLP lifted its position in shares of Thermon Group by 15.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company's stock worth $39,526,000 after acquiring an additional 178,017 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Thermon Group by 11.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 274,227 shares of the technology company's stock worth $8,183,000 after purchasing an additional 27,235 shares in the last quarter. Jane Street Group LLC increased its position in shares of Thermon Group by 40.4% during the third quarter. Jane Street Group LLC now owns 48,458 shares of the technology company's stock valued at $1,446,000 after purchasing an additional 13,950 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Thermon Group by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 410,574 shares of the technology company's stock valued at $11,812,000 after purchasing an additional 29,146 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

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

Thermon Group Price Performance

Shares of THR traded up $0.27 during mid-day trading on Tuesday, reaching $25.17. The company had a trading volume of 4,145 shares, compared to its average volume of 193,617. The company's 50-day moving average is $28.24 and its 200-day moving average is $28.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. The company has a market capitalization of $847.81 million, a P/E ratio of 18.43 and a beta of 0.96. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $35.93.

Thermon Group (NYSE:THR - Get Free Report) last posted its quarterly earnings data 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 net margin of 9.48% and a return on equity of 11.72%. On average, equities analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS 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.