California State Teachers Retirement System Reduces Position in Thermon Group Holdings, Inc. (NYSE:THR)

California State Teachers Retirement System lessened its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,559 shares of the technology company’s stock after selling 429 shares during the period. California State Teachers Retirement System owned about 0.09% of Thermon Group worth $908,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. D.A. Davidson & CO. boosted its position in shares of Thermon Group by 2.1% during the fourth quarter. D.A. Davidson & CO. now owns 29,908 shares of the technology company’s stock valued at $860,000 after buying an additional 626 shares during the period. Quarry LP boosted its holdings in shares of Thermon Group by 314.1% in the fourth quarter. Quarry LP now owns 853 shares of the technology company’s stock valued at $25,000 after purchasing an additional 647 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Thermon Group by 3.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,977 shares of the technology company’s stock valued at $546,000 after purchasing an additional 678 shares during the period. Riverpoint Wealth Management Holdings LLC boosted its holdings in shares of Thermon Group by 1.7% in the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 47,862 shares of the technology company’s stock valued at $1,377,000 after purchasing an additional 805 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Thermon Group by 1.7% in the fourth quarter. American Century Companies Inc. now owns 49,926 shares of the technology company’s stock valued at $1,436,000 after purchasing an additional 857 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Thermon Group Stock Down 0.2%

Shares of NYSE THR opened at $27.79 on Wednesday. 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 firm has a market capitalization of $919.58 million, a price-to-earnings ratio of 20.43 and a beta of 1.04. The stock has a 50 day moving average price of $26.77 and a 200 day moving average price of $28.49. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $34.36.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $134.08 million during the quarter, compared to analyst estimates of $133.65 million. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. Thermon Group’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.34 earnings per share. Sell-side analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 24th.

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.