Heartland Advisors Inc. Decreases Position in Thermon Group Holdings, Inc. (NYSE:THR)

Heartland Advisors Inc. decreased its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 239,897 shares of the technology company’s stock after selling 1,173 shares during the quarter. Heartland Advisors Inc. owned 0.71% of Thermon Group worth $6,902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in THR. Franklin Resources Inc. boosted its stake in Thermon Group by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company’s stock valued at $595,000 after purchasing an additional 422 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Thermon Group by 1.8% during the third quarter. D.A. Davidson & CO. now owns 29,282 shares of the technology company’s stock valued at $874,000 after purchasing an additional 506 shares in the last quarter. Riverpoint Wealth Management Holdings LLC boosted its position in shares of Thermon Group by 1.7% during the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 47,862 shares of the technology company’s stock valued at $1,377,000 after buying an additional 805 shares during the last quarter. American Century Companies Inc. increased its holdings in Thermon Group by 1.7% in the 4th quarter. American Century Companies Inc. now owns 49,926 shares of the technology company’s stock worth $1,436,000 after buying an additional 857 shares in the last quarter. Finally, Assetmark Inc. purchased a new position in Thermon Group in the 4th quarter worth about $26,000. Institutional investors own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Thermon Group Stock Performance

THR stock opened at $28.42 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. Thermon Group Holdings, Inc. has a 1 year low of $25.76 and a 1 year high of $35.93. The company has a market cap of $957.44 million, a P/E ratio of 20.90 and a beta of 0.98. The stock’s fifty day moving average price is $29.00 and its 200-day moving average price is $29.23.

Thermon Group (NYSE:THR) last announced its earnings results 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%. On average, equities analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

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.