Integrated Quantitative Investments LLC Invests $348,000 in Thermon Group Holdings, Inc. (NYSE:THR)

Integrated Quantitative Investments LLC bought a new position in Thermon Group Holdings, Inc. (NYSE:THR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,100 shares of the technology company’s stock, valued at approximately $348,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Thermon Group by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 381,428 shares of the technology company’s stock worth $11,382,000 after purchasing an additional 19,083 shares during the period. FMR LLC increased its position in Thermon Group by 10.0% during the 3rd quarter. FMR LLC now owns 2,186,280 shares of the technology company’s stock worth $65,239,000 after purchasing an additional 198,642 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Thermon Group by 8.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 18,715 shares of the technology company’s stock valued at $558,000 after buying an additional 1,529 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. Finally, Wellington Management Group LLP grew its stake in Thermon Group by 15.5% during the third quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company’s stock worth $39,526,000 after buying an additional 178,017 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

Thermon Group Price Performance

Shares of NYSE THR opened at $25.10 on Friday. The company has a market capitalization of $845.62 million, a price-to-earnings ratio of 18.46 and a beta of 0.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. Thermon Group Holdings, Inc. has a 1-year low of $24.10 and a 1-year high of $35.93. The business has a 50-day moving average of $28.76 and a 200-day moving average of $29.19.

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, 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%. On average, equities analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Thermon Group Company Profile

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.