GW&K Investment Management LLC lifted its position in shares of Thermon Group Holdings Inc (NYSE:THR) by 41.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,825 shares of the technology company’s stock after acquiring an additional 30,473 shares during the quarter. GW&K Investment Management LLC owned approximately 0.32% of Thermon Group worth $2,458,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in Thermon Group by 24.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 165,268 shares of the technology company’s stock worth $3,912,000 after buying an additional 32,365 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Thermon Group by 87.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,480 shares of the technology company’s stock worth $248,000 after buying an additional 4,900 shares during the period. Confluence Investment Management LLC lifted its holdings in Thermon Group by 1.8% during the 4th quarter. Confluence Investment Management LLC now owns 230,174 shares of the technology company’s stock worth $5,449,000 after buying an additional 4,168 shares during the period. Susquehanna International Group LLP lifted its holdings in Thermon Group by 339.0% during the 3rd quarter. Susquehanna International Group LLP now owns 57,339 shares of the technology company’s stock worth $1,032,000 after buying an additional 44,277 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in Thermon Group by 7.3% during the 3rd quarter. Sterling Capital Management LLC now owns 164,661 shares of the technology company’s stock worth $2,962,000 after buying an additional 11,150 shares during the period.
Thermon Group Holdings Inc (THR) opened at $24.09 on Tuesday. Thermon Group Holdings Inc has a 12 month low of $15.74 and a 12 month high of $26.50. The firm has a market capitalization of $793.16, a P/E ratio of 57.36 and a beta of 1.05. The company has a quick ratio of 2.95, a current ratio of 3.73 and a debt-to-equity ratio of 0.15.
Thermon Group (NYSE:THR) last announced its earnings results on Monday, October 23rd. The technology company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Thermon Group had a return on equity of 4.39% and a net margin of 5.65%. The firm had revenue of $61.63 million for the quarter, compared to the consensus estimate of $61.64 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s revenue was down 10.4% compared to the same quarter last year. research analysts forecast that Thermon Group Holdings Inc will post 0.49 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on the company. William Blair raised Thermon Group from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 29th. Jefferies Group reissued a “buy” rating and issued a $25.00 price objective (up from $21.00) on shares of Thermon Group in a research note on Friday, October 6th. Zacks Investment Research downgraded Thermon Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. BMO Capital Markets boosted their price objective on Thermon Group from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, October 24th. Finally, SunTrust Banks reissued a “hold” rating and issued a $20.00 price objective on shares of Thermon Group in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $24.25.
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Thermon Group Company Profile
Thermon Group Holdings, Inc is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.
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