Wellington Management Group LLP Has $37.49 Million Stock Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

Wellington Management Group LLP decreased its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,303,030 shares of the technology company's stock after selling 21,579 shares during the quarter. Wellington Management Group LLP owned 3.87% of Thermon Group worth $37,488,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Assetmark Inc. acquired a new position in shares of Thermon Group in the 4th quarter worth $26,000. Venturi Wealth Management LLC acquired a new position in shares of Thermon Group in the 4th quarter valued at $47,000. AlphaQuest LLC increased its stake in Thermon Group by 57,825.0% in the 4th quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock worth $67,000 after purchasing an additional 2,313 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Thermon Group by 4,731.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock worth $111,000 after buying an additional 3,785 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Thermon Group during the fourth quarter valued at about $172,000. Institutional investors own 99.76% of the company's stock.

Analyst Upgrades and Downgrades

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

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Thermon Group Stock Up 2.0 %

Shares of THR traded up $0.50 during mid-day trading on Friday, reaching $24.91. The company's stock had a trading volume of 131,214 shares, compared to its average volume of 170,805. The company has a market cap of $839.22 million, a price-to-earnings ratio of 18.32 and a beta of 0.96. The business has a fifty day moving average of $28.28 and a 200 day moving average of $28.94. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28. Thermon Group Holdings, Inc. has a 1 year low of $23.05 and a 1 year high of $35.93.

Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) 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%. As a group, analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal 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.