Wellington Management Group LLP Has $37.49 Million Position in Thermon Group Holdings, Inc. (NYSE:THR)

Wellington Management Group LLP decreased its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 1.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,303,030 shares of the technology company’s stock after selling 21,579 shares during the period. Wellington Management Group LLP’s holdings in Thermon Group were worth $37,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assetmark Inc. acquired a new position in Thermon Group in the fourth quarter worth about $26,000. Venturi Wealth Management LLC bought a new stake in shares of Thermon Group in the 4th quarter valued at approximately $47,000. AlphaQuest LLC raised its holdings in shares of Thermon Group by 57,825.0% in the 4th quarter. AlphaQuest LLC now owns 2,317 shares of the technology company’s stock worth $67,000 after buying an additional 2,313 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Thermon Group by 4,731.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company’s stock worth $111,000 after buying an additional 3,785 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Thermon Group in the 4th quarter valued at $172,000. 99.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

Thermon Group Stock Performance

NYSE:THR opened at $25.10 on Monday. The stock has a market capitalization of $845.62 million, a P/E ratio of 18.46 and a beta of 0.96. Thermon Group Holdings, Inc. has a 1 year low of $24.10 and a 1 year high of $35.93. The firm has a 50 day moving average of $28.76 and a 200-day moving average of $29.18. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28.

Thermon Group (NYSE:THR) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. As a group, sell-side analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

About Thermon Group

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.