Thermon Group Holdings, Inc. $THR Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC raised its position in Thermon Group Holdings, Inc. (NYSE:THR) by 13.8% in the 4th quarter, Holdings Channel reports. The fund owned 1,627,257 shares of the technology company’s stock after purchasing an additional 197,715 shares during the period. GW&K Investment Management LLC’s holdings in Thermon Group were worth $60,469,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada lifted its stake in Thermon Group by 0.4% during the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock worth $7,209,000 after purchasing an additional 1,082 shares during the last quarter. AQR Capital Management LLC lifted its stake in Thermon Group by 66.9% during the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock worth $1,124,000 after purchasing an additional 16,177 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Thermon Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock worth $552,000 after purchasing an additional 845 shares during the last quarter. Jane Street Group LLC lifted its stake in Thermon Group by 24.9% during the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock worth $1,090,000 after purchasing an additional 7,798 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Thermon Group by 4.9% during the second quarter. JPMorgan Chase & Co. now owns 264,080 shares of the technology company’s stock worth $7,415,000 after purchasing an additional 12,428 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Stock Performance

NYSE:THR opened at $61.14 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.69 and a debt-to-equity ratio of 0.25. Thermon Group Holdings, Inc. has a 1-year low of $23.86 and a 1-year high of $71.87. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 45.63 and a beta of 0.83. The stock has a fifty day simple moving average of $59.57 and a 200 day simple moving average of $49.09.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $148.33 million for 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 firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Sell-side analysts forecast that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

THR has been the topic of a number of recent research reports. Weiss Ratings cut Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Zacks Research cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. William Blair cut Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. Roth Mkm cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Craig Hallum cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company 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.