Thermon Group Holdings, Inc. (NYSE:THR) Shares Acquired by Barclays PLC

Barclays PLC grew its position in Thermon Group Holdings, Inc. (NYSE:THR) by 312.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,149 shares of the technology company’s stock after acquiring an additional 41,009 shares during the quarter. Barclays PLC owned about 0.16% of Thermon Group worth $1,616,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in THR. D.A. Davidson & CO. lifted its holdings in Thermon Group by 1.8% in the 3rd quarter. D.A. Davidson & CO. now owns 29,282 shares of the technology company’s stock valued at $874,000 after purchasing an additional 506 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of 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 valued at $216,000 after buying an additional 613 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Thermon Group by 4.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,000 shares of the technology company’s stock worth $523,000 after buying an additional 682 shares in the last quarter. Riverpoint Wealth Management Holdings LLC boosted its position in Thermon Group by 1.7% during the third quarter. Riverpoint Wealth Management Holdings LLC now owns 47,057 shares of the technology company’s stock worth $1,404,000 after acquiring an additional 798 shares during the last quarter. Finally, Quest Partners LLC grew its stake in Thermon Group by 2,375.0% during the 2nd quarter. Quest Partners LLC now owns 1,089 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,045 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP David Buntin sold 28,137 shares of the firm’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 sale, the senior vice president now directly owns 57,773 shares of the company’s stock, valued at approximately $1,857,401.95. This trade represents a 32.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Thermon Group Stock Down 3.5 %

Shares of THR opened at $27.60 on Friday. Thermon Group Holdings, Inc. has a 52-week low of $23.76 and a 52-week high of $35.93. 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 has a fifty day simple moving average of $30.06 and a two-hundred day simple moving average of $29.78. The company has a market capitalization of $929.71 million, a PE ratio of 21.56 and a beta of 1.11.

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

Analysts Set New Price Targets

Separately, StockNews.com raised 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.