William Blair Investment Management LLC Acquires 6,821 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

William Blair Investment Management LLC increased its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 857,633 shares of the technology company’s stock after buying an additional 6,821 shares during the period. William Blair Investment Management LLC owned 2.55% of Thermon Group worth $24,674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of THR. Assetmark Inc. bought a new stake in shares of Thermon Group during the fourth quarter worth approximately $26,000. Venturi Wealth Management LLC bought a new stake in shares of Thermon Group during the fourth quarter worth approximately $47,000. AlphaQuest LLC raised its stake in shares of Thermon Group by 57,825.0% during the fourth quarter. AlphaQuest LLC now owns 2,317 shares of the technology company’s stock worth $67,000 after buying an additional 2,313 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Thermon Group by 4,731.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company’s stock valued at $111,000 after purchasing an additional 3,785 shares in the last quarter. Finally, Congress Asset Management Co. bought a new stake in Thermon Group in the fourth quarter valued at approximately $227,000. 99.76% of the stock is owned by institutional investors.

Thermon Group Stock Up 0.5 %

Shares of NYSE:THR opened at $29.87 on Wednesday. Thermon Group Holdings, Inc. has a 52 week low of $25.76 and a 52 week high of $35.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. The company has a market capitalization of $1.01 billion, a PE ratio of 21.97 and a beta of 0.98. The company has a 50 day moving average price of $28.86 and a two-hundred day moving average price of $29.19.

Thermon Group (NYSE:THR) last issued its earnings results on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. Analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

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

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.