Geode Capital Management LLC Cuts Stock Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

Geode Capital Management LLC cut its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 759,962 shares of the technology company’s stock after selling 12,635 shares during the period. Geode Capital Management LLC’s holdings in Thermon Group were worth $21,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Thermon Group by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company’s stock valued at $97,338,000 after acquiring an additional 16,112 shares during the period. William Blair Investment Management LLC raised its holdings in Thermon Group by 0.8% in the fourth quarter. William Blair Investment Management LLC now owns 857,633 shares of the technology company’s stock valued at $24,674,000 after buying an additional 6,821 shares during the period. State Street Corp lifted its position in Thermon Group by 0.8% during the third quarter. State Street Corp now owns 769,187 shares of the technology company’s stock valued at $22,953,000 after buying an additional 5,882 shares in the last quarter. Swedbank AB grew its stake in Thermon Group by 1.0% during the fourth quarter. Swedbank AB now owns 621,000 shares of the technology company’s stock worth $17,866,000 after buying an additional 6,000 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Thermon Group by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 410,574 shares of the technology company’s stock worth $11,812,000 after acquiring an additional 29,146 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Stock Up 0.5 %

NYSE THR opened at $24.95 on Friday. The stock has a market cap of $840.40 million, a PE ratio of 18.34 and a beta of 0.96. The business has a 50 day moving average price of $27.97 and a two-hundred day moving average price of $28.78. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $35.93. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28.

Thermon Group (NYSE:THR) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research 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.