1 day Ago By Defense World Staff
Arrowstreet Capital Limited Partnership cut its holdings in shares of Thermon Group Holdings, Inc. ( NYSE:THR – Free Report ) by 35.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The firm owned 34,051 shares of the technology company’s stock after selling 18,379 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.10% of Thermon Group worth $980,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Thermon Group by 0.
5% in the fourth quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company’s stock valued at $97,338,000 after purchasing an additional 16,112 shares during the period.
William Blair Investment Management LLC raised its holdings in shares of Thermon Group by 0.8% in the 4th quarter. William Blair Investment Management LLC now owns 857,633 shares of the technology company’s stock valued at $24,674,000 after buying an additional 6,821 shares during the period.
Geode Capital Management LLC lifted its stake in Thermon Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 772,597 shares of the technology company’s stock worth $23,059,000 after acquiring an additional 8,910 shares in the last quarter.
State Street Corp boosted its holdings in Thermon Group by 0.8% during 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 period.
Finally, Swedbank AB grew its position in Thermon Group by 1.0% in the 4th quarter. Swedbank AB now owns 621,000 shares of the technology company’s stock valued at $17,866,000 after acquiring an additional 6,000 shares in the last quarter.
99.76% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Separately, StockNews.
com cut shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th. Thermon Group Trading Up 2.0 % NYSE:THR opened at $24.
91 on Friday. Thermon Group Holdings, Inc. has a 12-month low of $23.
05 and a 12-month high of $35.93. The firm has a market cap of $839.
22 million, a PE ratio of 18.32 and a beta of 0.96.
The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.
28. The stock has a fifty day moving average price of $28.28 and a 200 day moving average price of $28.
94. Thermon Group ( NYSE:THR – Get Free Report ) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $0.
56 EPS for the quarter, topping 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%.
Sell-side analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.
About Thermon Group ( Free Report ) 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. Featured Stories Five stocks we like better than Thermon Group Should You Invest in Penny Stocks? Robinhood Strategies Could Be a Game-Changer for Young Investors How to trade using analyst ratings Are These 3 Retail Stocks Oversold or Really in Trouble? 2 Fintech Stocks to Buy Now and 1 to Avoid IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead Want to see what other hedge funds are holding THR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Thermon Group Holdings, Inc. ( NYSE:THR – Free Report ). Receive News & Ratings for Thermon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group and related companies with MarketBeat.
com's FREE daily email newsletter ..
