Goldman Sachs Group Inc. Sells 28,758 Shares of Thermon Group Holdings, Inc. (THR)

Goldman Sachs Group Inc. cut its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,362,938 shares of the technology company’s stock after selling 28,758 shares during the quarter. Goldman Sachs Group Inc. owned 4.21% of Thermon Group Holdings worth $26,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. M&T Bank Corp lifted its holdings in shares of Thermon Group Holdings by 0.8% during the second quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock worth $232,000 after purchasing an additional 99 shares during the period. Legal & General Group Plc lifted its holdings in shares of Thermon Group Holdings by 4.1% during the second quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock worth $155,000 after purchasing an additional 320 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Thermon Group Holdings by 0.3% during the first quarter. Wells Fargo & Company MN now owns 183,407 shares of the technology company’s stock worth $3,822,000 after purchasing an additional 599 shares during the period. Rhumbline Advisers lifted its holdings in shares of Thermon Group Holdings by 2.1% during the second quarter. Rhumbline Advisers now owns 38,333 shares of the technology company’s stock worth $735,000 after purchasing an additional 784 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Thermon Group Holdings by 2.9% during the first quarter. Parametric Portfolio Associates LLC now owns 31,131 shares of the technology company’s stock worth $649,000 after purchasing an additional 867 shares during the period.

Several brokerages recently weighed in on THR. Jefferies Group LLC reaffirmed a “buy” rating and set a $25.00 price target (up from $21.00) on shares of Thermon Group Holdings in a report on Friday, October 6th. Wolfe Research downgraded Thermon Group Holdings from a “market perform” rating to an “underperform” rating in a report on Friday, August 18th. BidaskClub raised Thermon Group Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. ValuEngine raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $24.50.

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Shares of Thermon Group Holdings, Inc. (THR) opened at 20.63 on Thursday. The firm has a 50-day moving average price of $17.79 and a 200-day moving average price of $18.76. Thermon Group Holdings, Inc. has a 12-month low of $15.74 and a 12-month high of $21.52. The firm has a market cap of $668.45 million, a P/E ratio of 54.43 and a beta of 0.97.

Thermon Group Holdings (NYSE:THR) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The company had revenue of $51.70 million for the quarter, compared to the consensus estimate of $58.35 million. During the same quarter in the previous year, the company earned $0.08 earnings per share. Thermon Group Holdings’s quarterly revenue was down 18.5% compared to the same quarter last year. On average, equities research analysts expect that Thermon Group Holdings, Inc. will post $0.41 earnings per share for the current fiscal year.

Thermon Group Holdings Profile

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

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