Swiss National Bank Lowers Position in Thermon Group Holdings, Inc. (NYSE:THR)

Swiss National Bank decreased its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 10.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 66,400 shares of the technology company’s stock after selling 7,700 shares during the period. Swiss National Bank owned 0.20% of Thermon Group worth $2,163,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of THR. Teacher Retirement System of Texas raised its stake in Thermon Group by 21.9% in the third quarter. Teacher Retirement System of Texas now owns 51,212 shares of the technology company’s stock worth $1,407,000 after buying an additional 9,187 shares in the last quarter. Principal Financial Group Inc. boosted its position in Thermon Group by 46.5% during the third quarter. Principal Financial Group Inc. now owns 12,068 shares of the technology company’s stock valued at $332,000 after purchasing an additional 3,829 shares in the last quarter. Premier Fund Managers Ltd purchased a new position in Thermon Group in the third quarter valued at about $254,000. Charles Schwab Investment Management Inc. raised its holdings in Thermon Group by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 259,172 shares of the technology company’s stock worth $7,119,000 after purchasing an additional 7,178 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Thermon Group by 47.6% during the third quarter. Campbell & CO Investment Adviser LLC now owns 17,618 shares of the technology company’s stock valued at $484,000 after buying an additional 5,679 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Thermon Group Trading Up 2.8 %

Shares of Thermon Group stock opened at $35.67 on Friday. Thermon Group Holdings, Inc. has a 12-month low of $21.20 and a 12-month high of $35.93. The firm’s 50 day simple moving average is $32.44 and its two-hundred day simple moving average is $30.94. The company has a current ratio of 2.22, a quick ratio of 1.53 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 24.77 and a beta of 1.17.

Wall Street Analysts Forecast Growth

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

Thermon Group 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 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.