Boston Partners Has $495,000 Stake in Thermon Group Holdings, Inc. (NYSE:THR)

Posted by on May 10th, 2023

Boston Partners raised its stake in Thermon Group Holdings, Inc. (NYSE:THR – Get Rating) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,656 shares of the technology company’s stock after buying an additional 3,696 shares during the quarter. Boston Partners owned 0.07% of Thermon Group worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in THR. Great West Life Assurance Co. Can increased its holdings in shares of Thermon Group by 134.3% in the first quarter. Great West Life Assurance Co. Can now owns 2,324 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,332 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Thermon Group in the third quarter worth about $41,000. Lazard Asset Management LLC bought a new stake in shares of Thermon Group in the first quarter worth about $45,000. New York State Teachers Retirement System bought a new stake in shares of Thermon Group in the fourth quarter worth about $58,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Thermon Group by 243.2% in the third quarter. Tower Research Capital LLC TRC now owns 4,393 shares of the technology company’s stock worth $68,000 after acquiring an additional 3,113 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Insider Buying and Selling

In related news, VP Candace Harris-Peterson sold 6,358 shares of the stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $27.15, for a total transaction of $172,619.70. Following the completion of the transaction, the vice president now directly owns 12,799 shares in the company, valued at $347,492.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

Thermon Group Stock Down 1.0 %

NYSE:THR opened at $20.91 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.47 and a current ratio of 2.31. The company has a market cap of $700.49 million, a PE ratio of 20.11 and a beta of 1.26. Thermon Group Holdings, Inc. has a 52-week low of $13.26 and a 52-week high of $27.85. The stock has a 50-day simple moving average of $23.72 and a 200 day simple moving average of $22.19.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Thermon Group in a report on Thursday, March 16th. They issued a “strong-buy” rating for the company.

About Thermon Group

(Get Rating)

Thermon Group Holdings, Inc engages in the development, manufacture, and trade of engineered thermal solutions for process industries. It operates through the following geographical segments: United States & Latin America (US-LAM), Canada, Europe, Middle East & Africa (EMEA), and Asia Pacific (APAC).

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

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