Bank of New York Mellon Corp decreased its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 0.2% during the first quarter, Holdings Channel reports. The fund owned 918,882 shares of the technology company’s stock after selling 1,602 shares during the period. Bank of New York Mellon Corp’s holdings in Thermon Group Holdings were worth $19,150,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of THR. Wrapmanager Inc. bought a new stake in shares of Thermon Group Holdings during the first quarter valued at $223,000. OLD National Bancorp IN raised its position in shares of Thermon Group Holdings by 7.8% in the first quarter. OLD National Bancorp IN now owns 15,523 shares of the technology company’s stock valued at $323,000 after buying an additional 1,119 shares during the period. Two Sigma Investments LP acquired a new position in shares of Thermon Group Holdings during the fourth quarter valued at about $702,000. Granite Investment Partners LLC raised its position in shares of 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 period. Finally, Teachers Advisors LLC raised its position in shares of 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 period.

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

Shares of Thermon Group Holdings, Inc. (NYSE THR) opened at 18.80 on Friday. Thermon Group Holdings, Inc. has a one year low of $16.50 and a one year high of $21.48. The stock has a market cap of $608.56 million, a price-to-earnings ratio of 41.78 and a beta of 1.00. The company has a 50 day moving average price of $19.64 and a 200-day moving average price of $19.92.

Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings data on Wednesday, May 24th. The technology company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.03. The company had revenue of $67.60 million for the quarter, compared to analysts’ expectations of $66.24 million. Thermon Group Holdings had a return on equity of 4.60% and a net margin of 5.54%. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. Equities analysts predict that Thermon Group Holdings, Inc. will post $0.45 earnings per share for the current fiscal year.

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Several research analysts have issued reports on THR shares. BMO Capital Markets upgraded Thermon Group Holdings from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $20.00 to $23.00 in a research report on Monday, March 27th. ValuEngine lowered Thermon Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, May 27th. Finally, Jefferies Group LLC restated a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of Thermon Group Holdings in a research report on Sunday, May 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Thermon Group Holdings Company Profile

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