Mercer Global Advisors Inc. ADV Purchases 613 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Mercer Global Advisors Inc. ADV increased its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 9.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,017 shares of the technology company’s stock after acquiring an additional 613 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Thermon Group were worth $216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Westwood Holdings Group Inc. purchased a new position in Thermon Group in the 1st quarter valued at approximately $20,415,000. Swedbank AB purchased a new position in shares of Thermon Group in the first quarter valued at $20,254,000. Wells Fargo & Company MN raised its stake in shares of Thermon Group by 595.9% during the 4th quarter. Wells Fargo & Company MN now owns 300,880 shares of the technology company’s stock valued at $9,800,000 after purchasing an additional 257,646 shares during the period. William Blair Investment Management LLC grew its holdings in Thermon Group by 22.2% during the 1st quarter. William Blair Investment Management LLC now owns 901,244 shares of the technology company’s stock valued at $29,489,000 after buying an additional 163,640 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Thermon Group by 169.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 200,354 shares of the technology company’s stock valued at $6,163,000 after buying an additional 125,903 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Thermon Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 14th.

Thermon Group Price Performance

Shares of Thermon Group stock opened at $29.51 on Wednesday. The stock has a market capitalization of $997.44 million, a price-to-earnings ratio of 19.67 and a beta of 1.06. The company has a fifty day moving average of $29.93 and a 200-day moving average of $31.12. Thermon Group Holdings, Inc. has a 52-week low of $23.76 and a 52-week high of $35.93. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.73 and a current ratio of 2.61.

Thermon Group (NYSE:THR) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $115.10 million during the quarter, compared to analyst estimates of $115.99 million. Thermon Group had a net margin of 9.78% and a return on equity of 13.26%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. Equities research analysts expect that Thermon Group Holdings, Inc. will post 1.98 EPS for the current year.

Thermon Group 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.