Geode Capital Management LLC Has $6.83 Million Position in Thermon Group Holdings Inc (NYSE:THR)

Geode Capital Management LLC increased its holdings in Thermon Group Holdings Inc (NYSE:THR) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,569 shares of the technology company’s stock after acquiring an additional 18,367 shares during the period. Geode Capital Management LLC owned about 1.03% of Thermon Group worth $6,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Rehmann Capital Advisory Group raised its stake in shares of Thermon Group by 1,662.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,784 shares of the technology company’s stock worth $108,000 after purchasing an additional 2,626 shares in the last quarter. Citigroup Inc. raised its stake in shares of Thermon Group by 16.3% during the 4th quarter. Citigroup Inc. now owns 10,881 shares of the technology company’s stock worth $221,000 after purchasing an additional 1,528 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of Thermon Group by 11.3% during the 4th quarter. OLD National Bancorp IN now owns 15,761 shares of the technology company’s stock worth $320,000 after purchasing an additional 1,599 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Thermon Group by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 19,613 shares of the technology company’s stock worth $398,000 after purchasing an additional 765 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its stake in shares of Thermon Group by 51.5% during the 3rd quarter. MetLife Investment Advisors LLC now owns 24,009 shares of the technology company’s stock worth $619,000 after purchasing an additional 8,162 shares in the last quarter.

Shares of THR stock traded up $0.06 during trading on Friday, reaching $25.38. The company had a trading volume of 55,152 shares, compared to its average volume of 78,550. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.38 and a current ratio of 3.35. Thermon Group Holdings Inc has a one year low of $18.37 and a one year high of $27.95. The company has a market capitalization of $825.49 million, a price-to-earnings ratio of 25.64 and a beta of 1.35.

A number of research analysts recently weighed in on the company. ValuEngine downgraded Thermon Group from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. TheStreet raised Thermon Group from a “c+” rating to a “b+” rating in a research note on Monday, March 4th. Finally, Zacks Investment Research raised Thermon Group from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, April 3rd. Four equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $28.33.

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About Thermon Group

Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.

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Institutional Ownership by Quarter for Thermon Group (NYSE:THR)

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