Legal & General Group Plc Trims Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

Legal & General Group Plc lowered its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,005 shares of the technology company’s stock after selling 1,841 shares during the period. Legal & General Group Plc owned 0.11% of Thermon Group worth $1,036,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Thermon Group by 312.1% during 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 last quarter. Franklin Resources Inc. grew its position in Thermon Group by 2.1% in the third quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company’s stock worth $595,000 after acquiring an additional 422 shares during the period. 272 Capital LP purchased a new stake in Thermon Group in the third quarter valued at $3,173,000. Principal Financial Group Inc. acquired a new position in shares of Thermon Group in the 3rd quarter valued at $481,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Thermon Group by 11.0% during 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 during the period. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Thermon Group Stock Up 0.4 %

NYSE:THR opened at $26.29 on Monday. Thermon Group Holdings, Inc. has a 52 week low of $23.05 and a 52 week high of $35.93. The stock’s fifty day moving average is $27.54 and its two-hundred day moving average is $28.68. The stock has a market capitalization of $885.71 million, a price-to-earnings ratio of 19.33 and a beta of 0.96. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28.

Thermon Group (NYSE:THR) last released its earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. Research analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

About Thermon Group

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.