WCM Investment Management LLC Sells 188,753 Shares of Thermon Group Holdings Inc (NYSE:THR)

WCM Investment Management LLC trimmed its holdings in shares of Thermon Group Holdings Inc (NYSE:THR) by 34.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,975 shares of the technology company’s stock after selling 188,753 shares during the period. WCM Investment Management LLC’s holdings in Thermon Group were worth $9,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR boosted its holdings in shares of Thermon Group by 6.5% in the 2nd quarter. Stephens Inc. AR now owns 11,415 shares of the technology company’s stock valued at $293,000 after buying an additional 698 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Thermon Group by 13.6% in the 4th quarter. Legal & General Group Plc now owns 6,040 shares of the technology company’s stock valued at $122,000 after buying an additional 722 shares in the last quarter. Wrapmanager Inc. boosted its holdings in shares of Thermon Group by 5.9% in the 2nd quarter. Wrapmanager Inc. now owns 18,910 shares of the technology company’s stock valued at $485,000 after buying an additional 1,057 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Thermon Group in the 1st quarter valued at about $29,000. Finally, Swiss National Bank boosted its holdings in shares of Thermon Group by 2.2% in the 2nd quarter. Swiss National Bank now owns 60,700 shares of the technology company’s stock valued at $1,557,000 after buying an additional 1,300 shares in the last quarter.

A number of research firms have recently weighed in on THR. Zacks Investment Research cut shares of Thermon Group from a “buy” rating to a “hold” rating in a report on Friday, August 16th. ValuEngine cut shares of Thermon Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $27.33.

THR stock traded down $0.23 during trading on Thursday, reaching $21.86. The company had a trading volume of 644 shares, compared to its average volume of 118,766. The firm has a 50-day simple moving average of $24.48 and a 200-day simple moving average of $24.72. The company has a market cap of $721.02 million, a price-to-earnings ratio of 18.45 and a beta of 1.45. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.44 and a current ratio of 3.44. Thermon Group Holdings Inc has a twelve month low of $18.37 and a twelve month high of $27.95.

Thermon Group (NYSE:THR) last released its earnings results on Thursday, August 8th. The technology company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.09). The company had revenue of $91.70 million during the quarter, compared to analyst estimates of $89.35 million. Thermon Group had a return on equity of 10.42% and a net margin of 5.10%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.24 earnings per share. Sell-side analysts expect that Thermon Group Holdings Inc will post 1.28 earnings per share for the current year.

In related news, Director John U. Clarke bought 5,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of $21.47 per share, for a total transaction of $107,350.00. Following the purchase, the director now directly owns 5,917 shares of the company’s stock, valued at $127,037.99. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Der Salm Johannes Rene Van sold 2,905 shares of Thermon Group stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $25.68, for a total transaction of $74,600.40. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 7,606 shares of company stock valued at $165,530 and sold 14,527 shares valued at $355,795. 1.40% of the stock is owned by company insiders.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.

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

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