Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by Harvey Partners LLC

Harvey Partners LLC trimmed its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 6.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 841,055 shares of the technology company’s stock after selling 53,945 shares during the period. Thermon Group accounts for approximately 2.9% of Harvey Partners LLC’s portfolio, making the stock its 15th biggest position. Harvey Partners LLC’s holdings in Thermon Group were worth $25,097,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in shares of Thermon Group by 10.0% in the third quarter. FMR LLC now owns 2,186,280 shares of the technology company’s stock worth $65,239,000 after acquiring an additional 198,642 shares in the last quarter. First Eagle Investment Management LLC raised its position in Thermon Group by 358.8% during the second quarter. First Eagle Investment Management LLC now owns 195,000 shares of the technology company’s stock valued at $5,998,000 after acquiring an additional 152,500 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Thermon Group by 169.1% during the second quarter. Assenagon Asset Management S.A. now owns 200,354 shares of the technology company’s stock worth $6,163,000 after buying an additional 125,903 shares during the last quarter. 272 Capital LP acquired a new position in shares of Thermon Group in the 3rd quarter worth approximately $3,173,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Thermon Group by 806.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 71,299 shares of the technology company’s stock valued at $2,193,000 after purchasing an additional 63,431 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Thermon Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 14th.

Thermon Group Stock Performance

THR stock opened at $32.19 on Tuesday. The company has a market capitalization of $1.08 billion, a P/E ratio of 25.14 and a beta of 1.10. Thermon Group Holdings, Inc. has a 1-year low of $23.76 and a 1-year high of $35.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.80 and a quick ratio of 1.85. The business has a 50-day moving average price of $29.09 and a 200 day moving average price of $30.17.

Thermon Group (NYSE:THR) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. Thermon Group had a return on equity of 12.08% and a net margin of 8.89%. The firm had revenue of $114.60 million during the quarter, compared to the consensus estimate of $116.19 million. During the same period last year, the company earned $0.49 EPS. The company’s quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities research analysts forecast that Thermon Group Holdings, Inc. will post 1.79 EPS for the current fiscal year.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.