United Services Automobile Association decreased its position in Thermon Group Holdings Inc (NYSE:THR) by 2.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 552,105 shares of the technology company’s stock after selling 11,290 shares during the period. United Services Automobile Association owned about 1.69% of Thermon Group worth $14,233,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Albert D Mason Inc. acquired a new position in Thermon Group in the 3rd quarter worth approximately $216,000. Campbell & CO Investment Adviser LLC purchased a new stake in Thermon Group in the 3rd quarter worth approximately $230,000. Dupont Capital Management Corp purchased a new stake in Thermon Group in the 3rd quarter worth approximately $371,000. Victory Capital Management Inc. lifted its position in Thermon Group by 15.9% in the 2nd quarter. Victory Capital Management Inc. now owns 16,837 shares of the technology company’s stock worth $385,000 after buying an additional 2,309 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in Thermon Group in the 2nd quarter worth approximately $457,000.

A number of equities research analysts have issued reports on THR shares. SunTrust Banks upgraded shares of Thermon Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $26.00 to $28.00 in a research report on Thursday, November 1st. Zacks Investment Research downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. ValuEngine downgraded shares of Thermon Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, BMO Capital Markets cut their target price on shares of Thermon Group from $31.00 to $29.00 and set an “outperform” rating for the company in a research report on Friday, November 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $28.50.

THR stock opened at $22.19 on Friday. Thermon Group Holdings Inc has a 12-month low of $20.49 and a 12-month high of $27.95. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.62 and a quick ratio of 2.40. The company has a market capitalization of $704.71 million, a price-to-earnings ratio of 22.41 and a beta of 1.15.

Thermon Group (NYSE:THR) last released its earnings results on Wednesday, October 31st. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Thermon Group had a return on equity of 10.22% and a net margin of 3.45%. The company had revenue of $90.15 million during the quarter, compared to analysts’ expectations of $87.25 million. During the same quarter in the previous year, the company earned $0.22 EPS. The firm’s quarterly revenue was up 46.3% compared to the same quarter last year. On average, research analysts expect that Thermon Group Holdings Inc will post 1.23 earnings per share for the current fiscal year.

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Thermon Group Company Profile

Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.

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

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