TIAA CREF Investment Management LLC decreased its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 5.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,611 shares of the technology company’s stock after selling 5,416 shares during the period. TIAA CREF Investment Management LLC’s holdings in Thermon Group Holdings were worth $1,784,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in Thermon Group Holdings by 12.3% in the fourth quarter. State Street Corp now owns 572,070 shares of the technology company’s stock valued at $10,923,000 after buying an additional 62,670 shares during the last quarter. Teachers Advisors LLC boosted its position in Thermon Group Holdings by 7.1% in the fourth quarter. Teachers Advisors LLC now owns 60,312 shares of the technology company’s stock valued at $1,151,000 after buying an additional 3,976 shares during the last quarter. WCM Investment Management CA boosted its position in Thermon Group Holdings by 3.7% in the first quarter. WCM Investment Management CA now owns 237,534 shares of the technology company’s stock valued at $4,950,000 after buying an additional 8,385 shares during the last quarter. Fenimore Asset Management Inc. boosted its position in Thermon Group Holdings by 8.2% in the first quarter. Fenimore Asset Management Inc. now owns 535,790 shares of the technology company’s stock valued at $11,166,000 after buying an additional 40,725 shares during the last quarter. Finally, Granite Investment Partners LLC boosted its position in Thermon Group Holdings by 1.6% in the first quarter. Granite Investment Partners LLC now owns 52,136 shares of the technology company’s stock valued at $1,087,000 after buying an additional 812 shares during the last quarter.

Thermon Group Holdings, Inc. (NYSE THR) opened at 17.30 on Wednesday. The company’s 50-day moving average price is $18.57 and its 200 day moving average price is $19.68. The stock has a market capitalization of $560.00 million, a PE ratio of 45.65 and a beta of 0.98. Thermon Group Holdings, Inc. has a 52-week low of $16.50 and a 52-week high of $21.48.

Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.04. The business had revenue of $51.70 million for the quarter, compared to the consensus estimate of $58.35 million. Thermon Group Holdings had a net margin of 4.99% and a return on equity of 3.88%. Thermon Group Holdings’s revenue was down 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. Equities analysts forecast that Thermon Group Holdings, Inc. will post $0.44 EPS for the current fiscal year.

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Several equities analysts recently commented on THR shares. ValuEngine cut Thermon Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, May 27th. Jefferies Group LLC restated a “buy” rating and set a $22.00 target price (up from $21.00) on shares of Thermon Group Holdings in a research report on Sunday, May 28th. BidaskClub upgraded Thermon Group Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Wolfe Research started coverage on Thermon Group Holdings in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. Finally, Zacks Investment Research upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.50.

Thermon Group Holdings Company Profile

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Institutional Ownership by Quarter for Thermon Group Holdings (NYSE:THR)

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