Geode Capital Management LLC increased its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 3.1% during the first quarter, Holdings Channel reports. The firm owned 244,194 shares of the technology company’s stock after buying an additional 7,430 shares during the period. Geode Capital Management LLC’s holdings in Thermon Group Holdings were worth $5,089,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in Thermon Group Holdings by 0.8% in the first quarter. Wellington Management Group LLP now owns 3,630,613 shares of the technology company’s stock worth $75,662,000 after buying an additional 30,480 shares during the period. Vanguard Group Inc. increased its position in Thermon Group Holdings by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,504,522 shares of the technology company’s stock worth $52,194,000 after buying an additional 122,623 shares during the period. Van Berkom & Associates Inc. increased its position in Thermon Group Holdings by 9.7% in the first quarter. Van Berkom & Associates Inc. now owns 2,323,241 shares of the technology company’s stock worth $48,416,000 after buying an additional 205,095 shares during the period. Pax World Management LLC increased its position in Thermon Group Holdings by 1.0% in the first quarter. Pax World Management LLC now owns 641,232 shares of the technology company’s stock worth $13,363,000 after buying an additional 6,232 shares during the period. Finally, State Street Corp increased 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 worth $10,923,000 after buying an additional 62,670 shares during the period.

Thermon Group Holdings, Inc. (THR) traded down 2.25% on Friday, reaching $16.96. The company had a trading volume of 115,458 shares. The stock’s 50-day moving average price is $18.29 and its 200-day moving average price is $19.56. The stock has a market capitalization of $549.54 million, a P/E ratio of 44.75 and a beta of 0.98. Thermon Group Holdings, Inc. has a 12-month low of $16.17 and a 12-month 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.04. Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The company had revenue of $51.70 million for the quarter, compared to the consensus estimate of $58.35 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. Thermon Group Holdings’s revenue was down 18.5% compared to the same quarter last year. On average, equities research analysts anticipate that Thermon Group Holdings, Inc. will post $0.43 EPS for the current fiscal year.

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THR has been the subject of a number of analyst reports. BMO Capital Markets dropped their price target on Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, August 3rd. BidaskClub downgraded Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. ValuEngine raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Wolfe Research initiated coverage on Thermon Group Holdings in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Thermon Group Holdings presently has an average rating of “Hold” and an average price target of $21.50.

About Thermon Group Holdings

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

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