MetLife Investment Advisors LLC decreased its holdings in shares of Thermon Group Holdings Inc (NYSE:THR) by 34.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,847 shares of the technology company’s stock after selling 8,162 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Thermon Group were worth $321,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in THR. Jennison Associates LLC purchased a new stake in shares of Thermon Group during the fourth quarter worth $8,865,000. Bank of America Corp DE grew its holdings in shares of Thermon Group by 33.7% during the fourth quarter. Bank of America Corp DE now owns 534,337 shares of the technology company’s stock worth $10,837,000 after buying an additional 134,564 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Thermon Group by 4.2% during the third quarter. BlackRock Inc. now owns 2,140,293 shares of the technology company’s stock worth $55,176,000 after buying an additional 86,488 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Thermon Group by 1.9% during the third quarter. Vanguard Group Inc now owns 2,830,455 shares of the technology company’s stock worth $72,968,000 after buying an additional 53,777 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Thermon Group by 1.9% during the third quarter. Vanguard Group Inc. now owns 2,830,455 shares of the technology company’s stock worth $72,968,000 after buying an additional 53,777 shares in the last quarter.
Thermon Group stock opened at $25.36 on Tuesday. Thermon Group Holdings Inc has a 52-week low of $18.37 and a 52-week high of $27.95. The firm has a market cap of $823.15 million, a PE ratio of 25.62 and a beta of 1.35. The company has a quick ratio of 2.38, a current ratio of 3.35 and a debt-to-equity ratio of 0.62.
Thermon Group (NYSE:THR) last announced its quarterly earnings data on Wednesday, January 30th. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. Thermon Group had a net margin of 5.50% and a return on equity of 10.70%. The firm had revenue of $119.36 million during the quarter, compared to analyst estimates of $100.28 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Thermon Group’s quarterly revenue was up 28.8% on a year-over-year basis. Equities research analysts anticipate that Thermon Group Holdings Inc will post 1.15 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on THR shares. ValuEngine lowered shares of Thermon Group from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. TheStreet raised shares of Thermon Group from a “c+” rating to a “b+” rating in a report on Monday, March 4th. Finally, Zacks Investment Research lowered shares of Thermon Group from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Thermon Group has an average rating of “Buy” and a consensus price target of $28.50.
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About Thermon Group
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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