TD Asset Management Inc Has $1.36 Million Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

TD Asset Management Inc reduced its holdings in Thermon Group Holdings, Inc. (NYSE:THR) by 26.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 48,808 shares of the technology company’s stock after selling 17,224 shares during the quarter. TD Asset Management Inc owned approximately 0.14% of Thermon Group worth $1,359,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Thermon Group in the 4th quarter valued at $755,000. American Century Companies Inc. boosted its stake in shares of Thermon Group by 1.7% in the 4th 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 last quarter. Sei Investments Co. boosted its stake in shares of Thermon Group by 7.0% in the 4th quarter. Sei Investments Co. now owns 16,887 shares of the technology company’s stock valued at $486,000 after purchasing an additional 1,098 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Thermon Group in the 4th quarter valued at $175,000. Finally, Vanguard Group Inc. boosted its stake in shares of Thermon Group by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company’s stock valued at $97,338,000 after purchasing an additional 16,112 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Stock Performance

NYSE:THR opened at $27.34 on Monday. The company has a fifty day moving average of $27.66 and a 200-day moving average of $27.90. The firm has a market capitalization of $908.78 million, a P/E ratio of 17.41 and a beta of 1.09. The company has a quick ratio of 1.64, a current ratio of 2.43 and a debt-to-equity ratio of 0.24. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $33.25.

Thermon Group (NYSE:THR) last issued its earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Thermon Group had a return on equity of 13.08% and a net margin of 10.74%. The company had revenue of $134.08 million for the quarter, compared to analysts’ expectations of $133.65 million. During the same period last year, the business earned $0.34 EPS. Thermon Group’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research note 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.