Brown Advisory Inc. Sells 36,012 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Brown Advisory Inc. cut its position in shares of Thermon Group Holdings, Inc. (NYSE:THRFree Report) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 940,489 shares of the technology company’s stock after selling 36,012 shares during the period. Brown Advisory Inc. owned approximately 2.79% of Thermon Group worth $30,632,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank increased its stake in Thermon Group by 1.5% during the third quarter. Swiss National Bank now owns 74,100 shares of the technology company’s stock worth $2,036,000 after acquiring an additional 1,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Thermon Group by 8.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,586 shares of the technology company’s stock valued at $508,000 after buying an additional 1,238 shares during the period. New York State Common Retirement Fund lifted its position in Thermon Group by 13.9% in the fourth quarter. New York State Common Retirement Fund now owns 14,692 shares of the technology company’s stock worth $479,000 after buying an additional 1,796 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Thermon Group by 16.6% during the fourth quarter. Principal Financial Group Inc. now owns 14,074 shares of the technology company’s stock worth $458,000 after buying an additional 2,006 shares during the period. Finally, Deutsche Bank AG increased its position in Thermon Group by 0.7% during the third quarter. Deutsche Bank AG now owns 328,402 shares of the technology company’s stock valued at $9,021,000 after acquiring an additional 2,377 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on THR

Thermon Group Stock Up 1.3 %

Shares of NYSE THR opened at $34.99 on Monday. Thermon Group Holdings, Inc. has a 52-week low of $21.11 and a 52-week high of $35.34. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 24.30 and a beta of 1.17. The stock has a 50 day moving average price of $31.83 and a 200 day moving average price of $30.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.22.

About Thermon Group

(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.

Read More

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

Receive News & Ratings for Thermon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group and related companies with MarketBeat.com's FREE daily email newsletter.