Swedbank AB Has $17.87 Million Stake in Thermon Group Holdings, Inc. (NYSE:THR)

Swedbank AB lifted its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 621,000 shares of the technology company’s stock after purchasing an additional 6,000 shares during the quarter. Swedbank AB’s holdings in Thermon Group were worth $17,866,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of THR. Principal Financial Group Inc. bought a new stake in shares of Thermon Group during the third quarter worth $481,000. The Manufacturers Life Insurance Company raised its holdings in Thermon Group by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,000 shares of the technology company’s stock worth $523,000 after purchasing an additional 682 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Thermon Group by 8.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 18,715 shares of the technology company’s stock valued at $558,000 after purchasing an additional 1,529 shares during the period. Franklin Resources Inc. boosted its stake in shares of Thermon Group by 2.1% in the 3rd quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company’s stock valued at $595,000 after purchasing an additional 422 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Thermon Group by 131.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,232 shares of the technology company’s stock worth $693,000 after buying an additional 13,199 shares during the period. Institutional investors own 99.76% of the company’s stock.

Thermon Group Trading Down 1.7 %

THR opened at $27.68 on Friday. The firm has a 50 day simple moving average of $29.87 and a 200 day simple moving average of $29.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.80 and a quick ratio of 1.85. Thermon Group Holdings, Inc. has a fifty-two week low of $23.76 and a fifty-two week high of $35.93. The company has a market cap of $932.54 million, a price-to-earnings ratio of 21.63 and a beta of 1.11.

Thermon Group (NYSE:THR) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $114.60 million for the quarter, compared to the consensus estimate of $116.19 million. Thermon Group had a return on equity of 12.08% and a net margin of 8.89%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 EPS. On average, sell-side analysts anticipate that Thermon Group Holdings, Inc. will post 1.79 earnings per share for the current year.

Insider Activity

In related news, SVP David Buntin sold 28,137 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total transaction of $904,604.55. Following the sale, the senior vice president now owns 57,773 shares of the company’s stock, valued at approximately $1,857,401.95. This trade represents a 32.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is currently owned by company insiders.

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 offers 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.