Nationwide Fund Advisors lowered its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 1.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,416 shares of the technology company’s stock after selling 510 shares during the quarter. Nationwide Fund Advisors owned 0.08% of Thermon Group Holdings worth $506,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of THR. SG Americas Securities LLC purchased a new stake in Thermon Group Holdings in the first quarter valued at $109,000. Victory Capital Management Inc. raised its position in Thermon Group Holdings by 17.6% in the second quarter. Victory Capital Management Inc. now owns 7,904 shares of the technology company’s stock valued at $152,000 after purchasing an additional 1,185 shares during the period. Legal & General Group Plc raised its position in Thermon Group Holdings by 4.1% in the second quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock valued at $155,000 after purchasing an additional 320 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in Thermon Group Holdings in the first quarter valued at $215,000. Finally, Trexquant Investment LP purchased a new stake in Thermon Group Holdings in the second quarter valued at $291,000.

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A number of equities research analysts have commented on THR shares. Wolfe Research started coverage on Thermon Group Holdings in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. BidaskClub downgraded Thermon Group Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. BMO Capital Markets cut their price objective on Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Finally, ValuEngine upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.50.

Shares of Thermon Group Holdings, Inc. (THR) opened at $21.34 on Friday. The firm has a market cap of $694.21, a PE ratio of 50.95 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.73 and a quick ratio of 2.95.

Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings data on Monday, October 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The firm had revenue of $61.63 million for the quarter, compared to the consensus estimate of $61.64 million. Thermon Group Holdings had a return on equity of 4.39% and a net margin of 5.65%. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. analysts expect that Thermon Group Holdings, Inc. will post 0.49 earnings per share for the current year.

Thermon Group Holdings Profile

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

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