Russell Investments Group Ltd. Invests $2,436,000 in Thermon Group Holdings Inc (THR)

Russell Investments Group Ltd. bought a new position in shares of Thermon Group Holdings Inc (NYSE:THR) during the fourth quarter, Holdings Channel reports. The institutional investor bought 125,572 shares of the company’s stock, valued at approximately $2,436,000.

Several other institutional investors have also made changes to their positions in THR. Rutabaga Capital Management LLC MA purchased a new stake in shares of Thermon Group Holdings during the third quarter valued at $1,805,000. Great Lakes Advisors LLC increased its stake in shares of Thermon Group Holdings by 4.8% in the third quarter. Great Lakes Advisors LLC now owns 318,790 shares of the company’s stock valued at $6,296,000 after buying an additional 14,547 shares during the period. Granite Investment Partners LLC purchased a new stake in shares of Thermon Group Holdings during the third quarter valued at $1,048,000. Confluence Investment Management LLC increased its stake in shares of Thermon Group Holdings by 7.3% in the third quarter. Confluence Investment Management LLC now owns 105,154 shares of the company’s stock valued at $2,077,000 after buying an additional 7,150 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of Thermon Group Holdings during the third quarter valued at $103,000. 98.31% of the stock is owned by institutional investors and hedge funds.

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

Shares of Thermon Group Holdings Inc (NYSE:THR) opened at 20.41 on Tuesday. The company’s 50 day moving average is $20.32 and its 200 day moving average is $19.58. Thermon Group Holdings Inc has a 12 month low of $16.50 and a 12 month high of $21.87. The company has a market cap of $660.10 million, a P/E ratio of 45.36 and a beta of 1.10.

Thermon Group Holdings (NYSE:THR) last released its quarterly earnings data on Wednesday, February 8th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.01. The company earned $64.30 million during the quarter, compared to analysts’ expectations of $69.95 million. Thermon Group Holdings had a net margin of 5.43% and a return on equity of 5.71%. Thermon Group Holdings’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period last year, the firm earned $0.25 earnings per share. On average, equities research analysts predict that Thermon Group Holdings Inc will post $0.47 EPS for the current fiscal year.

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Several brokerages recently weighed in on THR. Zacks Investment Research raised shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th. BMO Capital Markets reissued a “hold” rating and set a $20.00 price target on shares of Thermon Group Holdings in a research report on Thursday, February 9th.

About Thermon Group Holdings

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