Thermon Group Holdings, Inc. (NYSE:THR) Position Increased by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in Thermon Group Holdings, Inc. (NYSE:THR) by 13.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,692 shares of the technology company’s stock after buying an additional 1,796 shares during the quarter. New York State Common Retirement Fund’s holdings in Thermon Group were worth $479,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. FMR LLC grew its position in Thermon Group by 99.0% during the 3rd quarter. FMR LLC now owns 1,841,520 shares of the technology company’s stock worth $50,587,000 after purchasing an additional 916,248 shares in the last quarter. Wellington Management Group LLP raised its position in Thermon Group by 44.8% during the third quarter. Wellington Management Group LLP now owns 1,724,846 shares of the technology company’s stock valued at $47,382,000 after buying an additional 533,474 shares during the period. Meros Investment Management LP purchased a new stake in Thermon Group in the 3rd quarter worth about $2,335,000. Federated Hermes Inc. boosted its position in Thermon Group by 44.0% during the 3rd quarter. Federated Hermes Inc. now owns 258,039 shares of the technology company’s stock worth $7,088,000 after acquiring an additional 78,826 shares during the period. Finally, Kennedy Capital Management LLC grew its stake in Thermon Group by 11.6% during the 3rd quarter. Kennedy Capital Management LLC now owns 386,607 shares of the technology company’s stock valued at $10,620,000 after acquiring an additional 40,096 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Stock Performance

Shares of THR opened at $34.15 on Wednesday. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 23.72 and a beta of 1.17. The company’s fifty day moving average is $31.40 and its 200-day moving average is $30.60. The company has a quick ratio of 1.53, a current ratio of 2.22 and a debt-to-equity ratio of 0.35. Thermon Group Holdings, Inc. has a 12 month low of $20.70 and a 12 month high of $34.91.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on THR. CJS Securities assumed coverage on shares of Thermon Group in a research report on Monday, April 29th. They issued an “outperform” rating and a $42.00 price target for the company. Roth Mkm assumed coverage on Thermon Group in a research report on Wednesday, March 6th. They set a “buy” rating and a $36.00 price objective for the company. Finally, StockNews.com raised Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 4th.

About Thermon Group

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 provides 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.