American Century Companies Inc. Grows Stock Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

American Century Companies Inc. lifted its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,926 shares of the technology company’s stock after purchasing an additional 857 shares during the quarter. American Century Companies Inc. owned about 0.15% of Thermon Group worth $1,436,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC increased its stake in Thermon Group by 312.1% in the 3rd quarter. Barclays PLC now owns 54,149 shares of the technology company’s stock worth $1,616,000 after buying an additional 41,009 shares during the period. Wellington Management Group LLP lifted its position 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 valued at $39,526,000 after acquiring an additional 178,017 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Thermon Group by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 274,227 shares of the technology company’s stock worth $8,183,000 after purchasing an additional 27,235 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Thermon Group by 40.4% during the third quarter. Jane Street Group LLC now owns 48,458 shares of the technology company’s stock worth $1,446,000 after acquiring an additional 13,950 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Thermon Group by 7.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 410,574 shares of the technology company’s stock worth $11,812,000 after purchasing an additional 29,146 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Stock Up 7.3 %

Shares of NYSE:THR opened at $25.33 on Thursday. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $853.37 million, a price-to-earnings ratio of 18.63 and a beta of 0.96. The business has a 50-day moving average price of $28.38 and a 200 day moving average price of $29.00. Thermon Group Holdings, Inc. has a 12-month low of $23.05 and a 12-month high of $35.93.

Thermon Group (NYSE:THR) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. Sell-side analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Wall Street Analyst Weigh In

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

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.