Corebridge Financial Inc. Lowers Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

Corebridge Financial Inc. decreased its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,581 shares of the technology company’s stock after selling 1,252 shares during the quarter. Corebridge Financial Inc.’s holdings in Thermon Group were worth $477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Thermon Group by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company’s stock worth $97,338,000 after purchasing an additional 16,112 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Thermon Group during the fourth quarter worth about $175,000. Sei Investments Co. increased its position in shares of Thermon Group by 7.0% during the fourth quarter. Sei Investments Co. now owns 16,887 shares of the technology company’s stock valued at $486,000 after acquiring an additional 1,098 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Thermon Group by 1.7% in the 4th quarter. American Century Companies Inc. now owns 49,926 shares of the technology company’s stock valued at $1,436,000 after acquiring an additional 857 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Thermon Group in the 4th quarter worth approximately $172,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Thermon Group Stock Performance

Shares of Thermon Group stock opened at $23.60 on Wednesday. The stock has a market capitalization of $795.15 million, a price-to-earnings ratio of 17.35 and a beta of 0.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. The business has a 50-day moving average of $28.48 and a 200 day moving average of $29.06. Thermon Group Holdings, Inc. has a 12 month low of $23.28 and a 12 month high of $35.93.

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

Wall Street Analysts Forecast Growth

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

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.