Thermon Group Holdings, Inc. (NYSE:THR) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 11.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,000 shares of the technology company’s stock after acquiring an additional 4,000 shares during the quarter. Victory Capital Management Inc. owned about 0.12% of Thermon Group worth $1,194,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Swedbank AB purchased a new stake in shares of Thermon Group during the first quarter worth about $20,254,000. Principal Financial Group Inc. purchased a new stake in Thermon Group during the 3rd quarter worth approximately $481,000. Assenagon Asset Management S.A. raised its position in shares of Thermon Group by 169.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 200,354 shares of the technology company’s stock valued at $6,163,000 after purchasing an additional 125,903 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Thermon Group by 806.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 71,299 shares of the technology company’s stock valued at $2,193,000 after buying an additional 63,431 shares during the last quarter. Finally, Riverpoint Wealth Management Holdings LLC bought a new stake in shares of Thermon Group in the second quarter worth $1,423,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Trading Down 1.5 %

Shares of NYSE THR opened at $31.75 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 2.80 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $28.92 and its two-hundred day moving average price is $30.26. Thermon Group Holdings, Inc. has a 52-week low of $23.76 and a 52-week high of $35.93. The stock has a market capitalization of $1.07 billion, a P/E ratio of 25.04 and a beta of 1.07.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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.