GW&K Investment Management LLC Boosts Position in Thermon Group Holdings, Inc. $THR

GW&K Investment Management LLC increased its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,627,257 shares of the technology company’s stock after buying an additional 197,715 shares during the period. GW&K Investment Management LLC owned 4.95% of Thermon Group worth $60,469,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Medina Value Partners LLC grew its position in shares of Thermon Group by 3.5% in the 3rd quarter. Medina Value Partners LLC now owns 987,165 shares of the technology company’s stock worth $26,377,000 after buying an additional 33,248 shares during the last quarter. Harvey Partners LLC boosted its stake in Thermon Group by 20.6% in the 3rd quarter. Harvey Partners LLC now owns 771,500 shares of the technology company’s stock worth $20,614,000 after purchasing an additional 131,769 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Thermon Group by 5.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 492,782 shares of the technology company’s stock worth $13,167,000 after purchasing an additional 24,998 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Thermon Group by 38.2% in the third quarter. Kennedy Capital Management LLC now owns 440,165 shares of the technology company’s stock worth $11,761,000 after buying an additional 121,634 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Thermon Group by 51.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 428,646 shares of the technology company’s stock worth $11,453,000 after buying an additional 144,757 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Thermon Group Stock Performance

Shares of THR stock opened at $61.14 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.69 and a quick ratio of 1.76. The firm has a market cap of $2.01 billion, a PE ratio of 45.63 and a beta of 0.83. The company has a 50-day moving average of $59.57 and a two-hundred day moving average of $49.09. Thermon Group Holdings, Inc. has a 1-year low of $23.86 and a 1-year high of $71.87.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business 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 13.42%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. On average, analysts predict that Thermon Group Holdings, Inc. will post 2.27 EPS for the current year.

Analysts Set New Price Targets

THR has been the topic of several recent research reports. Zacks Research downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Weiss Ratings downgraded shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Craig Hallum downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Wall Street Zen raised shares of Thermon Group to a “hold” rating in a report on Saturday, May 30th. Finally, CJS Securities cut shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $57.00.

Thermon Group 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.