GW&K Investment Management LLC Has $16.49 Million Stock Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

GW&K Investment Management LLC increased its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 592,262 shares of the technology company's stock after purchasing an additional 9,292 shares during the period. GW&K Investment Management LLC owned approximately 1.76% of Thermon Group worth $16,494,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Thermon Group by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company's stock valued at $97,338,000 after acquiring an additional 16,112 shares during the period. Dimensional Fund Advisors LP increased its stake in Thermon Group by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company's stock valued at $50,574,000 after acquiring an additional 44,137 shares during the period. Needham Investment Management LLC increased its stake in Thermon Group by 0.8% during the fourth quarter. Needham Investment Management LLC now owns 655,000 shares of the technology company's stock valued at $18,844,000 after acquiring an additional 5,000 shares during the period. Medina Value Partners LLC bought a new position in Thermon Group during the fourth quarter valued at about $17,747,000. Finally, Ameriprise Financial Inc. increased its stake in Thermon Group by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 515,791 shares of the technology company's stock valued at $14,839,000 after acquiring an additional 1,726 shares during the period. Institutional investors and hedge funds own 99.76% of the company's stock.

Analyst Ratings Changes

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

Thermon Group Price Performance

Shares of THR stock traded down $0.28 during trading hours on Thursday, hitting $27.96. The company had a trading volume of 128,649 shares, compared to its average volume of 184,990. Thermon Group Holdings, Inc. has a 12 month low of $23.05 and a 12 month high of $33.74. The firm has a market capitalization of $929.54 million, a price-to-earnings ratio of 17.81 and a beta of 1.05. The firm's fifty day moving average is $27.82 and its 200 day moving average is $27.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.64 and a current ratio of 2.43.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings data 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 return on equity of 13.08% and a net margin of 10.74%. 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 prior year, the company posted $0.34 EPS. The company's revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

About Thermon Group

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.