State Street Corp Has $22.95 Million Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

State Street Corp boosted its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 0.8% in the third quarter, HoldingsChannel.com reports. The firm owned 769,187 shares of the technology company’s stock after buying an additional 5,882 shares during the period. State Street Corp’s holdings in Thermon Group were worth $22,953,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Quest Partners LLC grew its position in shares of Thermon Group by 2,375.0% in the 2nd quarter. Quest Partners LLC now owns 1,089 shares of the technology company’s stock valued at $33,000 after buying an additional 1,045 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Thermon Group in the second quarter valued at approximately $40,000. Meeder Asset Management Inc. acquired a new stake in Thermon Group during the 2nd quarter valued at approximately $60,000. Mercer Global Advisors Inc. ADV raised its holdings in Thermon Group by 9.6% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 7,017 shares of the technology company’s stock worth $216,000 after purchasing an additional 613 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Thermon Group by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,403 shares of the technology company’s stock worth $289,000 after purchasing an additional 804 shares during the period. 99.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Thermon Group

In other Thermon Group news, SVP David Buntin sold 28,137 shares of the firm’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 value of $904,604.55. Following the completion of the sale, the senior vice president now owns 57,773 shares of the company’s stock, valued at approximately $1,857,401.95. This trade represents a 32.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.40% of the company’s stock.

Thermon Group Stock Down 1.3 %

Shares of NYSE:THR opened at $28.71 on Monday. Thermon Group Holdings, Inc. has a 1 year low of $23.76 and a 1 year high of $35.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.80 and a quick ratio of 1.85. The business’s 50-day moving average is $29.74 and its 200-day moving average is $29.89. The company has a market capitalization of $967.10 million, a price-to-earnings ratio of 22.43 and a beta of 1.10.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.03. The company had revenue of $114.60 million during the quarter, compared to analyst estimates of $116.19 million. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. Thermon Group’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 EPS. Equities research analysts predict that Thermon Group Holdings, Inc. will post 1.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th.

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.