Barclays PLC Has $1.62 Million Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

Barclays PLC lifted its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 312.1% during the third quarter, HoldingsChannel reports. The firm owned 54,149 shares of the technology company’s stock after acquiring an additional 41,009 shares during the quarter. Barclays PLC’s holdings in Thermon Group were worth $1,616,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. acquired a new position in shares of Thermon Group in the 3rd quarter valued at approximately $481,000. Wellington Management Group LLP boosted its position in shares of Thermon Group by 15.5% during the third quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company’s stock worth $39,526,000 after buying an additional 178,017 shares during the period. FMR LLC boosted its position in shares of Thermon Group by 10.0% during the third quarter. FMR LLC now owns 2,186,280 shares of the technology company’s stock worth $65,239,000 after buying an additional 198,642 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Thermon Group by 806.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 71,299 shares of the technology company’s stock worth $2,193,000 after buying an additional 63,431 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Thermon Group by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 381,428 shares of the technology company’s stock valued at $11,382,000 after buying an additional 19,083 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

Thermon Group Stock Performance

NYSE THR opened at $28.62 on Friday. Thermon Group Holdings, Inc. has a 1 year low of $23.76 and a 1 year high of $35.93. The firm has a market capitalization of $964.06 million, a P/E ratio of 22.36 and a beta of 1.10. The firm’s fifty day moving average price is $29.74 and its two-hundred day moving average price is $29.85. The company has a current ratio of 2.80, a quick ratio of 1.85 and a debt-to-equity ratio of 0.29.

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

Insider Activity at Thermon Group

In related news, SVP David Buntin sold 28,137 shares of the 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 sale, the senior vice president now owns 57,773 shares of the company’s stock, valued at $1,857,401.95. This represents a 32.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Thermon Group 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.