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

Barclays PLC boosted its position in Thermon Group Holdings, Inc. (NYSE:THR) by 312.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,149 shares of the technology company’s stock after buying an additional 41,009 shares during the quarter. Barclays PLC owned approximately 0.16% of Thermon Group worth $1,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC increased its holdings in shares of Thermon Group by 2,375.0% during the 2nd quarter. Quest Partners LLC now owns 1,089 shares of the technology company’s stock worth $33,000 after purchasing an additional 1,045 shares during the period. Canada Pension Plan Investment Board bought a new stake in Thermon Group in the 2nd quarter valued at $40,000. Meeder Asset Management Inc. acquired a new position in shares of Thermon Group in the 2nd quarter valued at $60,000. Mercer Global Advisors Inc. ADV raised its position in Thermon Group by 9.6% in the second 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Thermon Group by 9.3% during the second 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. Institutional investors and hedge funds own 99.76% of the company’s stock.

Insider Activity

In other news, SVP David Buntin sold 28,137 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $32.15, for a total transaction of $904,604.55. Following the completion of the transaction, the senior vice president now directly owns 57,773 shares in the company, valued at approximately $1,857,401.95. The trade was a 32.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.40% 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 research note on Saturday, September 14th.

Thermon Group Stock Performance

Shares of NYSE:THR opened at $28.62 on Friday. The business has a fifty day moving average of $29.74 and a 200-day moving average of $29.85. The firm has a market cap of $964.06 million, a PE ratio of 22.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.80. Thermon Group Holdings, Inc. has a twelve month low of $23.76 and a twelve month high of $35.93.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The firm 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 quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.49 EPS. On average, equities research analysts predict that Thermon Group Holdings, Inc. will post 1.79 EPS for the current fiscal year.

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.