Thermon Group (NYSE:THR) Reaches New 12-Month High at $35.02

Thermon Group Holdings, Inc. (NYSE:THRGet Free Report)’s share price reached a new 52-week high on Friday . The company traded as high as $35.02 and last traded at $35.02, with a volume of 25285 shares changing hands. The stock had previously closed at $34.55.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on THR shares. Roth Mkm started coverage on shares of Thermon Group in a report on Wednesday, March 6th. They issued a “buy” rating and a $36.00 target price on the stock. StockNews.com raised Thermon Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. Finally, CJS Securities started coverage on Thermon Group in a research report on Monday, April 29th. They set an “outperform” rating and a $42.00 target price on the stock.

Get Our Latest Research Report on Thermon Group

Thermon Group Trading Up 1.3 %

The company has a debt-to-equity ratio of 0.35, a current ratio of 2.22 and a quick ratio of 1.53. The firm’s fifty day moving average is $31.83 and its two-hundred day moving average is $30.75. The firm has a market capitalization of $1.18 billion, a PE ratio of 24.30 and a beta of 1.17.

Institutional Trading of Thermon Group

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Thermon Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,363,315 shares of the technology company’s stock worth $109,543,000 after purchasing an additional 21,971 shares during the period. FMR LLC grew its position in Thermon Group by 99.0% during the third quarter. FMR LLC now owns 1,841,520 shares of the technology company’s stock valued at $50,587,000 after buying an additional 916,248 shares during the period. Dimensional Fund Advisors LP grew its position in Thermon Group by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,775,583 shares of the technology company’s stock valued at $57,833,000 after buying an additional 4,599 shares during the period. Wellington Management Group LLP grew its position in Thermon Group by 44.8% during the third quarter. Wellington Management Group LLP now owns 1,724,846 shares of the technology company’s stock valued at $47,382,000 after buying an additional 533,474 shares during the period. Finally, William Blair Investment Management LLC grew its position in Thermon Group by 22.2% during the first quarter. William Blair Investment Management LLC now owns 901,244 shares of the technology company’s stock valued at $29,489,000 after buying an additional 163,640 shares during the period. 99.76% of the stock is currently owned by institutional investors.

About Thermon Group

(Get Free Report)

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 provides 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.

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