Kennedy Capital Management LLC Has $14.26 Million Stock Holdings in Thermon Group Holdings, Inc. $THR

Kennedy Capital Management LLC trimmed its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 12.8% in the fourth quarter, HoldingsChannel reports. The firm owned 383,854 shares of the technology company’s stock after selling 56,311 shares during the period. Kennedy Capital Management LLC’s holdings in Thermon Group were worth $14,264,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. GW&K Investment Management LLC grew its holdings in shares of Thermon Group by 133.4% during the third quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock valued at $38,198,000 after buying an additional 817,138 shares during the last quarter. UBS Group AG grew its holdings in shares of Thermon Group by 287.4% during the third quarter. UBS Group AG now owns 288,370 shares of the technology company’s stock valued at $7,705,000 after buying an additional 213,935 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Thermon Group during the third quarter valued at about $4,381,000. Cubist Systematic Strategies LLC acquired a new position in shares of Thermon Group during the second quarter valued at about $4,487,000. Finally, Nuveen LLC grew its holdings in shares of Thermon Group by 224.0% during the fourth quarter. Nuveen LLC now owns 220,653 shares of the technology company’s stock valued at $8,199,000 after buying an additional 152,546 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on THR shares. Weiss Ratings cut shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. CJS Securities cut shares of Thermon Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 25th. Roth Mkm cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Craig Hallum cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Finally, William Blair cut shares of Thermon Group from an “outperform” rating to a “hold” rating in a report on Wednesday, February 25th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $57.00.

Thermon Group Price Performance

Thermon Group stock opened at $61.14 on Monday. Thermon Group Holdings, Inc. has a fifty-two week low of $23.86 and a fifty-two week high of $71.87. The stock has a market cap of $2.01 billion, a PE ratio of 45.63 and a beta of 0.83. The firm’s 50-day simple moving average is $60.22 and its 200 day simple moving average is $49.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.76 and a current ratio of 2.69.

Thermon Group (NYSE:THR) last released its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). Thermon Group had a return on equity of 13.42% and a net margin of 8.31%.The firm had revenue of $148.33 million for the quarter, compared to analysts’ expectations of $137.85 million. During the same quarter last year, the firm posted $0.56 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Research analysts predict that Thermon Group Holdings, Inc. will post 2.27 EPS for the current fiscal year.

About Thermon Group

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.