Thermon Group Holdings Inc (THR) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its holdings in shares of Thermon Group Holdings Inc (NYSE:THR) by 19.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,716 shares of the technology company’s stock after purchasing an additional 35,699 shares during the quarter. Wells Fargo & Company MN’s holdings in Thermon Group were worth $4,024,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. M&T Bank Corp grew its position in shares of Thermon Group by 0.8% during the second quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock worth $232,000 after purchasing an additional 99 shares in the last quarter. Legal & General Group Plc grew its position in shares of Thermon Group by 4.1% during the second quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock worth $155,000 after purchasing an additional 320 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Thermon Group by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 26,052 shares of the technology company’s stock worth $499,000 after purchasing an additional 566 shares in the last quarter. Rhumbline Advisers grew its position in shares of Thermon Group by 2.1% during the second quarter. Rhumbline Advisers now owns 38,333 shares of the technology company’s stock worth $735,000 after purchasing an additional 784 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Thermon Group by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,904 shares of the technology company’s stock worth $152,000 after purchasing an additional 1,185 shares in the last quarter.

Several analysts recently issued reports on the company. Zacks Investment Research cut Thermon Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. William Blair upgraded Thermon Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 29th. TheStreet upgraded Thermon Group from a “c” rating to a “b-” rating in a report on Monday, October 23rd. BMO Capital Markets raised their price target on Thermon Group from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, October 24th. Finally, SunTrust Banks restated a “hold” rating and set a $20.00 price target on shares of Thermon Group in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Thermon Group currently has a consensus rating of “Hold” and an average target price of $23.50.

Shares of Thermon Group Holdings Inc (THR) opened at $24.21 on Monday. The stock has a market capitalization of $785.37, a P/E ratio of 57.64 and a beta of 1.05. Thermon Group Holdings Inc has a one year low of $15.74 and a one year high of $26.50. The company has a quick ratio of 2.95, a current ratio of 3.73 and a debt-to-equity ratio of 0.15.

Thermon Group (NYSE:THR) last posted its quarterly earnings data on Monday, October 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The business had revenue of $61.63 million during the quarter, compared to analyst estimates of $61.64 million. Thermon Group had a return on equity of 4.39% and a net margin of 5.65%. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. sell-side analysts predict that Thermon Group Holdings Inc will post 0.49 earnings per share for the current fiscal year.

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Thermon Group Profile

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

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