Vanguard Group Inc. Has $52.19 Million Stake in Thermon Group Holdings, Inc. (THR)

Vanguard Group Inc. raised its position in Thermon Group Holdings, Inc. (NYSE:THR) by 5.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,504,522 shares of the technology company’s stock after buying an additional 122,623 shares during the period. Vanguard Group Inc. owned approximately 0.08% of Thermon Group Holdings worth $52,194,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of THR. Van Berkom & Associates Inc. raised its stake in shares of Thermon Group Holdings by 9.7% in the first quarter. Van Berkom & Associates Inc. now owns 2,323,241 shares of the technology company’s stock worth $48,416,000 after buying an additional 205,095 shares during the last quarter. State Street Corp raised its stake in shares of Thermon Group Holdings by 12.3% in the fourth quarter. State Street Corp now owns 572,070 shares of the technology company’s stock worth $10,923,000 after buying an additional 62,670 shares during the last quarter. Fenimore Asset Management Inc. raised its stake in shares of Thermon Group Holdings by 8.2% in the first quarter. Fenimore Asset Management Inc. now owns 535,790 shares of the technology company’s stock worth $11,166,000 after buying an additional 40,725 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Thermon Group Holdings by 0.8% in the first quarter. Wellington Management Group LLP now owns 3,630,613 shares of the technology company’s stock worth $75,662,000 after buying an additional 30,480 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Thermon Group Holdings during the first quarter worth about $471,000.

Thermon Group Holdings, Inc. (NYSE:THR) opened at 17.39 on Thursday. The company has a market cap of $563.47 million, a P/E ratio of 45.88 and a beta of 0.98. Thermon Group Holdings, Inc. has a 12-month low of $16.50 and a 12-month high of $21.48. The firm’s 50 day moving average is $18.36 and its 200 day moving average is $19.60.

Thermon Group Holdings (NYSE:THR) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.04. The company had revenue of $51.70 million for the quarter, compared to analysts’ expectations of $58.35 million. Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. Equities research analysts anticipate that Thermon Group Holdings, Inc. will post $0.43 EPS for the current fiscal year.

WARNING: This news story was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another publication, it was illegally copied and republished in violation of U.S. & international copyright and trademark law. The original version of this news story can be read at https://www.tickerreport.com/banking-finance/2800069/vanguard-group-inc-has-52-19-million-stake-in-thermon-group-holdings-inc-thr.html.

A number of equities research analysts have issued reports on THR shares. ValuEngine lowered Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $22.00 price target (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Sunday, May 28th. BidaskClub upgraded Thermon Group Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Wolfe Research started coverage on Thermon Group Holdings in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, Zacks Investment Research upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $21.50.

About Thermon Group Holdings

Want to see what other hedge funds are holding THR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thermon Group Holdings, Inc. (NYSE:THR).

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

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

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.