Legato Capital Management LLC Acquires New Stake in Thermon Group Holdings, Inc. $THR

Legato Capital Management LLC acquired a new stake in Thermon Group Holdings, Inc. (NYSE:THR) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 12,558 shares of the technology company’s stock, valued at approximately $467,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GW&K Investment Management LLC lifted its position in Thermon Group by 133.4% during the 3rd quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock worth $38,198,000 after buying an additional 817,138 shares in the last quarter. Medina Value Partners LLC lifted its position in Thermon Group by 3.5% during the 3rd quarter. Medina Value Partners LLC now owns 987,165 shares of the technology company’s stock worth $26,377,000 after buying an additional 33,248 shares in the last quarter. Harvey Partners LLC lifted its position in Thermon Group by 20.6% during the 3rd quarter. Harvey Partners LLC now owns 771,500 shares of the technology company’s stock worth $20,614,000 after buying an additional 131,769 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Thermon Group by 5.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 492,782 shares of the technology company’s stock worth $13,167,000 after buying an additional 24,998 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its position in Thermon Group by 38.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 440,165 shares of the technology company’s stock worth $11,761,000 after buying an additional 121,634 shares in the last quarter. 99.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on THR shares. Wall Street Zen cut shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Roth Mkm cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. CJS Securities cut shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 25th. Weiss Ratings cut shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, Zacks Research cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Thermon Group currently has an average rating of “Hold” and an average price target of $57.00.

Thermon Group Stock Down 2.8%

Thermon Group stock opened at $69.23 on Thursday. The firm has a market capitalization of $2.28 billion, a PE ratio of 51.67 and a beta of 0.83. The company’s 50-day moving average is $57.40 and its 200-day moving average is $47.37. Thermon Group Holdings, Inc. has a fifty-two week low of $23.86 and a fifty-two week high of $71.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.69 and a quick ratio of 1.76.

Thermon Group (NYSE:THR) last released its quarterly earnings data 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). The firm had revenue of $148.33 million for 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 firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Sell-side analysts anticipate that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current year.

Thermon Group Company Profile

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.