Lazard Asset Management LLC Purchases 3,541 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Lazard Asset Management LLC boosted its position in Thermon Group Holdings, Inc. (NYSE:THRGet Rating) by 124.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,378 shares of the technology company’s stock after buying an additional 3,541 shares during the period. Lazard Asset Management LLC’s holdings in Thermon Group were worth $89,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in THR. IndexIQ Advisors LLC increased its position in Thermon Group by 12.2% in the 1st quarter. IndexIQ Advisors LLC now owns 24,307 shares of the technology company’s stock valued at $394,000 after buying an additional 2,639 shares in the last quarter. Brown Advisory Inc. acquired a new position in Thermon Group during the 1st quarter valued at about $10,937,000. Swiss National Bank boosted its stake in Thermon Group by 7.8% during the 1st quarter. Swiss National Bank now owns 78,900 shares of the technology company’s stock valued at $1,278,000 after purchasing an additional 5,700 shares during the last quarter. Boston Partners boosted its stake in Thermon Group by 10.8% during the 1st quarter. Boston Partners now owns 21,498 shares of the technology company’s stock valued at $348,000 after purchasing an additional 2,090 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new position in Thermon Group during the 1st quarter valued at about $1,019,000. 86.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on THR. StockNews.com began coverage on Thermon Group in a research note on Wednesday, October 12th. They set a “strong-buy” rating for the company. TheStreet upgraded Thermon Group from a “c+” rating to a “b” rating in a research note on Wednesday, November 16th.

Thermon Group Price Performance

Shares of NYSE THR opened at $20.40 on Thursday. Thermon Group Holdings, Inc. has a twelve month low of $13.26 and a twelve month high of $20.64. The stock’s 50 day moving average price is $17.34 and its 200-day moving average price is $16.44. The company has a market capitalization of $683.26 million, a PE ratio of 18.21 and a beta of 1.27. The company has a quick ratio of 1.35, a current ratio of 2.13 and a debt-to-equity ratio of 0.26.

About Thermon Group

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Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries worldwide. Its products include electric heating products, such as air heaters and heating accessories, boilers and calorifiers, controlling and monitoring solutions, heat tracing systems, tank heating systems, thermostats, tubing bundles, and system accessories, as well as strip, tubular, immersion, and process heaters; and gas heating products, including enclosure and explosion proof gas catalytic heaters, gas fired blowers, and gas heating accessories that comprise regulators, valves, mounting brackets, and battery cables.

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

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