Thermon Group Holdings, Inc. (NYSE:THR) Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC lifted its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 592,262 shares of the technology company's stock after buying an additional 9,292 shares during the period. GW&K Investment Management LLC owned approximately 1.76% of Thermon Group worth $16,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of THR. Quarry LP raised its holdings in Thermon Group by 314.1% in the 4th quarter. Quarry LP now owns 853 shares of the technology company's stock valued at $25,000 after acquiring an additional 647 shares during the last quarter. CWM LLC increased its holdings in shares of Thermon Group by 68.9% in the first quarter. CWM LLC now owns 922 shares of the technology company's stock valued at $26,000 after purchasing an additional 376 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Thermon Group by 3,912.0% in the first quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company's stock valued at $28,000 after purchasing an additional 978 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Thermon Group by 4,731.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock worth $111,000 after buying an additional 3,785 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Thermon Group during the fourth quarter worth $172,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Trading Up 0.5%

Shares of THR traded up $0.13 during mid-day trading on Friday, reaching $28.13. The stock had a trading volume of 87,760 shares, compared to its average volume of 129,857. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.43 and a quick ratio of 1.64. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $33.74. The business's fifty day moving average is $27.73 and its 200 day moving average is $27.92. The firm has a market cap of $935.17 million, a price-to-earnings ratio of 17.92 and a beta of 1.05.

Thermon Group (NYSE:THR - Get Free Report) last posted its earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. Thermon Group had a net margin of 10.74% and a return on equity of 13.08%. The company had revenue of $134.08 million for the quarter, compared to analyst estimates of $133.65 million. During the same period in the previous year, the business posted $0.34 EPS. Thermon Group's revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Thermon Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th.

Thermon Group Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.