Rice Hall James & Associates LLC Boosts Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

Rice Hall James & Associates LLC boosted its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,810 shares of the technology company’s stock after purchasing an additional 14,054 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.33% of Thermon Group worth $3,188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of THR. FMR LLC increased its holdings in shares of Thermon Group by 10.0% in the 3rd quarter. FMR LLC now owns 2,186,280 shares of the technology company’s stock valued at $65,239,000 after acquiring an additional 198,642 shares during the last quarter. Wellington Management Group LLP increased its holdings 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 valued at $39,526,000 after acquiring an additional 178,017 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Thermon Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 772,597 shares of the technology company’s stock valued at $23,059,000 after acquiring an additional 8,910 shares during the last quarter. State Street Corp increased its holdings in shares of Thermon Group by 0.8% in the 3rd quarter. State Street Corp now owns 769,187 shares of the technology company’s stock valued at $22,953,000 after acquiring an additional 5,882 shares during the last quarter. Finally, Needham Investment Management LLC increased its holdings in shares of Thermon Group by 21.5% in the 3rd quarter. Needham Investment Management LLC now owns 650,000 shares of the technology company’s stock valued at $19,396,000 after acquiring an additional 115,000 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Trading Down 0.2 %

NYSE:THR opened at $29.76 on Wednesday. Thermon Group Holdings, Inc. has a 12-month low of $25.76 and a 12-month high of $35.93. The firm has a market capitalization of $1.00 billion, a P/E ratio of 21.88 and a beta of 1.10. 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 business has a 50 day simple moving average of $29.08 and a 200 day simple moving average of $29.29.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. Equities research analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Insider Activity at Thermon Group

In related news, SVP David Buntin sold 28,137 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total transaction 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. The trade was a 32.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 7th.

Thermon Group Company 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.