Diamond Hill Capital Management Inc. Has $1.96 Million Position in Thermon Group Holdings, Inc. (NYSE:THR)

Diamond Hill Capital Management Inc. boosted its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 76.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,201 shares of the technology company’s stock after buying an additional 29,575 shares during the period. Diamond Hill Capital Management Inc. owned about 0.20% of Thermon Group worth $1,962,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of THR. FMR LLC lifted its holdings in shares of Thermon Group by 10.0% during the third quarter. FMR LLC now owns 2,186,280 shares of the technology company’s stock valued at $65,239,000 after acquiring an additional 198,642 shares during the period. Wellington Management Group LLP raised its holdings in shares of Thermon Group by 15.5% in the third quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company’s stock valued at $39,526,000 after buying an additional 178,017 shares during the last quarter. Lightrock Netherlands B.V. bought a new position in shares of Thermon Group in the fourth quarter valued at about $4,995,000. Needham Investment Management LLC raised its holdings in shares of Thermon Group by 21.5% in the third quarter. Needham Investment Management LLC now owns 650,000 shares of the technology company’s stock valued at $19,396,000 after buying an additional 115,000 shares during the last quarter. Finally, 272 Capital LP bought a new position in shares of Thermon Group in the third quarter valued at about $3,173,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

Thermon Group Price Performance

Shares of THR stock opened at $29.59 on Friday. The stock has a 50-day moving average price of $28.82 and a 200 day moving average price of $29.23. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28. The firm has a market cap of $996.72 million, a price-to-earnings ratio of 21.75 and a beta of 0.98. Thermon Group Holdings, Inc. has a 12 month low of $25.76 and a 12 month high of $35.93.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. Research analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

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.