The Manufacturers Life Insurance Company Has $467,000 Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

The Manufacturers Life Insurance Company trimmed its position in Thermon Group Holdings, Inc. (NYSE:THR) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,245 shares of the technology company’s stock after selling 481 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Thermon Group were worth $467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Thermon Group by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company’s stock worth $97,338,000 after buying an additional 16,112 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Thermon Group by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company’s stock worth $50,574,000 after buying an additional 44,137 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Thermon Group by 0.8% in the fourth quarter. William Blair Investment Management LLC now owns 857,633 shares of the technology company’s stock worth $24,674,000 after buying an additional 6,821 shares during the period. Swedbank AB boosted its holdings in shares of Thermon Group by 1.0% in the fourth quarter. Swedbank AB now owns 621,000 shares of the technology company’s stock worth $17,866,000 after buying an additional 6,000 shares during the period. Finally, Medina Value Partners LLC acquired a new position in shares of Thermon Group in the fourth quarter worth about $17,747,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Stock Performance

THR stock opened at $30.12 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. The stock has a market cap of $1.01 billion, a P/E ratio of 22.15 and a beta of 1.07. The firm has a 50 day simple moving average of $27.33 and a 200 day simple moving average of $28.69. Thermon Group Holdings, Inc. has a 52 week low of $23.05 and a 52 week high of $35.93.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a report 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.