Kennedy Capital Management LLC Sells 56,311 Shares of Thermon Group Holdings, Inc. $THR

Kennedy Capital Management LLC lowered its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 12.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 383,854 shares of the technology company’s stock after selling 56,311 shares during the period. Kennedy Capital Management LLC owned about 1.17% of Thermon Group worth $14,264,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of THR. Royal Bank of Canada raised its stake in shares of Thermon Group by 0.4% during the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock valued at $7,209,000 after acquiring an additional 1,082 shares during the last quarter. AQR Capital Management LLC raised its stake in Thermon Group by 66.9% during the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock worth $1,124,000 after buying an additional 16,177 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Thermon Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock worth $552,000 after buying an additional 845 shares during the last quarter. Jane Street Group LLC raised its stake in Thermon Group by 24.9% during the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock worth $1,090,000 after buying an additional 7,798 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Thermon Group by 4.9% during the second quarter. JPMorgan Chase & Co. now owns 264,080 shares of the technology company’s stock worth $7,415,000 after buying an additional 12,428 shares during the last quarter. Institutional investors own 99.76% of the company’s stock.

Thermon Group Stock Performance

NYSE:THR opened at $61.14 on Monday. The company has a current ratio of 2.69, a quick ratio of 1.76 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 45.63 and a beta of 0.83. The firm has a fifty day simple moving average of $60.22 and a two-hundred day simple moving average of $49.67. Thermon Group Holdings, Inc. has a 12 month low of $23.86 and a 12 month high of $71.87.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on THR. Weiss Ratings downgraded shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Zacks Research downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Roth Mkm downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. William Blair downgraded shares of Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, CJS Securities downgraded shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Thermon Group currently has an average rating of “Hold” and an average price target of $57.00.

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.