Swedbank AB Decreases Stake in Thermon Group Holdings, Inc. $THR

Swedbank AB cut its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 694,000 shares of the technology company’s stock after selling 64,000 shares during the period. Swedbank AB owned 2.11% of Thermon Group worth $25,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC raised its stake in shares of Thermon Group by 133.4% during the 3rd quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock valued at $38,198,000 after buying an additional 817,138 shares during the last quarter. Medina Value Partners LLC boosted its holdings in shares of Thermon Group by 3.5% during the 3rd quarter. Medina Value Partners LLC now owns 987,165 shares of the technology company’s stock worth $26,377,000 after purchasing an additional 33,248 shares during the last quarter. Harvey Partners LLC lifted its holdings in Thermon Group by 20.6% in the third quarter. Harvey Partners LLC now owns 771,500 shares of the technology company’s stock valued at $20,614,000 after acquiring an additional 131,769 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Thermon Group by 5.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 492,782 shares of the technology company’s stock valued at $13,167,000 after purchasing an additional 24,998 shares during the period. Finally, Kennedy Capital Management LLC raised its position in Thermon Group by 38.2% in the third quarter. Kennedy Capital Management LLC now owns 440,165 shares of the technology company’s stock valued at $11,761,000 after purchasing an additional 121,634 shares during the period. Institutional investors own 99.76% of the company’s stock.

Thermon Group Stock Up 0.1%

Thermon Group stock opened at $65.77 on Tuesday. The firm has a market cap of $2.16 billion, a PE ratio of 49.08 and a beta of 0.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90. The firm’s 50 day moving average price is $56.48 and its two-hundred day moving average price is $46.82. Thermon Group Holdings, Inc. has a twelve month low of $23.86 and a twelve month high of $71.24.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $148.33 million during the quarter, compared to analyst estimates of $137.85 million. Thermon Group had a net margin of 8.31% and a return on equity of 13.53%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.56 EPS. On average, research analysts predict that Thermon Group Holdings, Inc. will post 2.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Craig Hallum downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Zacks Research downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. William Blair downgraded shares of Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 25th. CJS Securities downgraded shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 25th. Finally, Roth Mkm cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $57.00.

Thermon Group Company Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.