Federated Hermes Inc. Has $1.55 Million Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

Federated Hermes Inc. trimmed its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 75.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,372 shares of the technology company’s stock after selling 151,740 shares during the quarter. Federated Hermes Inc. owned 0.15% of Thermon Group worth $1,549,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Quest Partners LLC raised its holdings in Thermon Group by 2,375.0% during the second quarter. Quest Partners LLC now owns 1,089 shares of the technology company’s stock worth $33,000 after buying an additional 1,045 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Thermon Group during the second quarter worth about $60,000. EntryPoint Capital LLC raised its holdings in shares of Thermon Group by 421.1% in the 1st quarter. EntryPoint Capital LLC now owns 6,331 shares of the technology company’s stock worth $207,000 after acquiring an additional 5,116 shares during the last quarter. QRG Capital Management Inc. lifted its position in Thermon Group by 9.8% in the 2nd quarter. QRG Capital Management Inc. now owns 6,838 shares of the technology company’s stock valued at $210,000 after acquiring an additional 608 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Thermon Group during the 1st quarter valued at about $255,000. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Trading Down 2.2 %

NYSE:THR opened at $30.06 on Friday. Thermon Group Holdings, Inc. has a 52 week low of $23.76 and a 52 week high of $35.93. The firm has a 50-day moving average price of $30.34 and a two-hundred day moving average price of $31.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.73 and a current ratio of 2.61. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 20.04 and a beta of 1.06.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. Thermon Group had a return on equity of 13.26% and a net margin of 9.78%. The company had revenue of $115.10 million during the quarter, compared to the consensus estimate of $115.99 million. During the same period last year, the business posted $0.40 earnings per share. Thermon Group’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts expect that Thermon Group Holdings, Inc. will post 1.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Roth Mkm raised their target price on Thermon Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, May 30th. StockNews.com upgraded Thermon Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 14th.

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.