Lazard Asset Management LLC Boosts Stock Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

Lazard Asset Management LLC boosted its position in Thermon Group Holdings, Inc. (NYSE:THRGet Rating) by 124.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,378 shares of the technology company’s stock after purchasing an additional 3,541 shares during the period. Lazard Asset Management LLC’s holdings in Thermon Group were worth $89,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. IndexIQ Advisors LLC raised its holdings in Thermon Group by 12.2% during the 1st quarter. IndexIQ Advisors LLC now owns 24,307 shares of the technology company’s stock valued at $394,000 after acquiring an additional 2,639 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in Thermon Group during the 1st quarter valued at $1,019,000. Russell Investments Group Ltd. raised its holdings in Thermon Group by 11.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 117,610 shares of the technology company’s stock valued at $1,650,000 after acquiring an additional 12,396 shares during the period. Truist Financial Corp raised its holdings in Thermon Group by 1.6% during the 2nd quarter. Truist Financial Corp now owns 200,502 shares of the technology company’s stock valued at $2,817,000 after acquiring an additional 3,124 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Thermon Group during the 2nd quarter valued at $192,000. Hedge funds and other institutional investors own 86.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on THR shares. StockNews.com initiated coverage on shares of Thermon Group in a report on Wednesday, October 12th. They set a “strong-buy” rating on the stock. TheStreet raised shares of Thermon Group from a “c+” rating to a “b” rating in a report on Wednesday, November 16th.

Thermon Group Trading Down 0.3 %

Thermon Group stock opened at $20.40 on Thursday. The stock has a market cap of $683.26 million, a P/E ratio of 18.21 and a beta of 1.27. Thermon Group Holdings, Inc. has a fifty-two week low of $13.26 and a fifty-two week high of $20.64. The firm’s fifty day moving average price is $17.34 and its 200-day moving average price is $16.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.35 and a current ratio of 2.13.

Thermon Group Profile

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Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries worldwide. Its products include electric heating products, such as air heaters and heating accessories, boilers and calorifiers, controlling and monitoring solutions, heat tracing systems, tank heating systems, thermostats, tubing bundles, and system accessories, as well as strip, tubular, immersion, and process heaters; and gas heating products, including enclosure and explosion proof gas catalytic heaters, gas fired blowers, and gas heating accessories that comprise regulators, valves, mounting brackets, and battery cables.

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

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