Wellington Management Group LLP Has $39.53 Million Stock Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

Wellington Management Group LLP lifted its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 15.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,324,609 shares of the technology company's stock after purchasing an additional 178,017 shares during the quarter. Wellington Management Group LLP owned 3.93% of Thermon Group worth $39,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quest Partners LLC lifted its position in Thermon Group by 2,375.0% during the second quarter. Quest Partners LLC now owns 1,089 shares of the technology company's stock worth $33,000 after purchasing an additional 1,045 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Thermon Group during the 2nd quarter worth approximately $40,000. Meeder Asset Management Inc. acquired a new stake in shares of Thermon Group during the 2nd quarter worth approximately $60,000. QRG Capital Management Inc. increased its stake in Thermon Group by 9.8% in the second quarter. QRG Capital Management Inc. now owns 6,838 shares of the technology company's stock valued at $210,000 after acquiring an additional 608 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in Thermon Group by 9.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 7,017 shares of the technology company's stock valued at $216,000 after purchasing an additional 613 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Price Performance

NYSE THR traded up $0.04 during trading on Thursday, hitting $32.36. 120,779 shares of the company's stock were exchanged, compared to its average volume of 194,856. The stock's 50 day moving average price is $29.45 and its two-hundred day moving average price is $30.05. Thermon Group Holdings, Inc. has a fifty-two week low of $23.76 and a fifty-two week high of $35.93. The company has a current ratio of 2.80, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.09 billion, a PE ratio of 25.29 and a beta of 1.10.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.03. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. The business had revenue of $114.60 million during the quarter, compared to analysts' expectations of $116.19 million. During the same period in the prior year, the company earned $0.49 EPS. The firm's quarterly revenue was down 7.4% compared to the same quarter last year. Research analysts expect that Thermon Group Holdings, Inc. will post 1.79 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Thermon Group from a "hold" rating to a "buy" rating in a report 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.