SG Americas Securities LLC Decreases Position in Thermon Group Holdings, Inc. (NYSE:THR)

SG Americas Securities LLC trimmed its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 50.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,100 shares of the technology company’s stock after selling 8,291 shares during the period. SG Americas Securities LLC’s holdings in Thermon Group were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in Thermon Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 3,363,315 shares of the technology company’s stock valued at $109,543,000 after buying an additional 21,971 shares in the last quarter. William Blair Investment Management LLC grew its stake in Thermon Group by 22.2% in the 1st quarter. William Blair Investment Management LLC now owns 901,244 shares of the technology company’s stock valued at $29,489,000 after buying an additional 163,640 shares in the last quarter. New South Capital Management Inc. grew its stake in Thermon Group by 10.5% in the 1st quarter. New South Capital Management Inc. now owns 734,185 shares of the technology company’s stock valued at $24,023,000 after buying an additional 69,666 shares in the last quarter. Swedbank AB grew its stake in Thermon Group by 2.6% in the 2nd quarter. Swedbank AB now owns 635,000 shares of the technology company’s stock valued at $19,533,000 after buying an additional 16,000 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in Thermon Group in the 1st quarter valued at approximately $20,415,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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 Down 1.0 %

THR opened at $28.08 on Tuesday. The company has a fifty day moving average price of $29.25 and a 200-day moving average price of $30.79. The firm has a market capitalization of $949.10 million, a P/E ratio of 19.64 and a beta of 1.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.61 and a quick ratio of 1.73. Thermon Group Holdings, Inc. has a one year low of $23.76 and a one year high of $35.93.

Thermon Group (NYSE:THR) last released 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. The firm had revenue of $115.10 million during the quarter, compared to analyst estimates of $115.99 million. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS. Equities research analysts expect that Thermon Group Holdings, Inc. will post 1.98 earnings per share for the current fiscal year.

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.