GW&K Investment Management LLC Purchases 30,473 Shares of Thermon Group Holdings Inc (THR)

GW&K Investment Management LLC grew its holdings in Thermon Group Holdings Inc (NYSE:THR) by 41.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,825 shares of the technology company’s stock after purchasing an additional 30,473 shares during the period. GW&K Investment Management LLC owned about 0.32% of Thermon Group worth $2,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC increased its holdings in shares of Thermon Group by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 2,702,843 shares of the technology company’s stock valued at $48,624,000 after purchasing an additional 139,243 shares during the period. Sei Investments Co. grew its stake in shares of Thermon Group by 85.2% in the 3rd quarter. Sei Investments Co. now owns 33,056 shares of the technology company’s stock valued at $595,000 after buying an additional 15,206 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Thermon Group by 447.2% in the 3rd quarter. Citadel Advisors LLC now owns 132,232 shares of the technology company’s stock valued at $2,378,000 after buying an additional 108,065 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of Thermon Group by 339.0% in the 3rd quarter. Susquehanna International Group LLP now owns 57,339 shares of the technology company’s stock valued at $1,032,000 after buying an additional 44,277 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Thermon Group by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,517,164 shares of the technology company’s stock valued at $29,083,000 after buying an additional 142,933 shares in the last quarter.

Thermon Group Holdings Inc (NYSE THR) traded up $0.23 during trading on Wednesday, reaching $22.49. The company’s stock had a trading volume of 197,336 shares, compared to its average volume of 117,973. The company has a quick ratio of 3.04, a current ratio of 4.27 and a debt-to-equity ratio of 0.71. Thermon Group Holdings Inc has a 1 year low of $15.74 and a 1 year high of $26.50. The firm has a market capitalization of $718.11, a price-to-earnings ratio of 80.32 and a beta of 0.96.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. The firm had revenue of $92.70 million during the quarter, compared to analyst estimates of $80.42 million. Thermon Group had a return on equity of 5.16% and a net margin of 3.33%. The business’s revenue for the quarter was up 44.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 earnings per share. sell-side analysts forecast that Thermon Group Holdings Inc will post 0.62 EPS for the current fiscal year.

Several brokerages recently commented on THR. Zacks Investment Research raised Thermon Group from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Wednesday. BMO Capital Markets upped their target price on Thermon Group to $31.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. SunTrust Banks reaffirmed a “hold” rating and set a $20.00 target price on shares of Thermon Group in a research report on Tuesday, October 24th. TheStreet upgraded Thermon Group from a “c” rating to a “b-” rating in a report on Monday, October 23rd. Finally, William Blair upgraded Thermon Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.25.

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Thermon Group 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.

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

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