Van Lanschot Kempen Investment Management N.V. Reduces Position in Thermon Group Holdings, Inc. $THR

Van Lanschot Kempen Investment Management N.V. cut its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 38.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 689,677 shares of the technology company’s stock after selling 435,373 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned approximately 2.10% of Thermon Group worth $25,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in THR. Canada Pension Plan Investment Board purchased a new stake in Thermon Group during the second quarter valued at about $31,000. Assetmark Inc. lifted its holdings in Thermon Group by 68.1% during the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after purchasing an additional 620 shares during the last quarter. Danske Bank A S purchased a new stake in Thermon Group during the third quarter valued at about $45,000. NewEdge Advisors LLC purchased a new stake in Thermon Group during the third quarter valued at about $83,000. Finally, Nkcfo LLC purchased a new stake in Thermon Group during the fourth quarter valued at about $85,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Stock Performance

Shares of Thermon Group stock opened at $61.14 on Friday. Thermon Group Holdings, Inc. has a 12-month low of $23.86 and a 12-month high of $71.87. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 45.63 and a beta of 0.83. 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 company’s 50-day moving average price is $60.22 and its 200-day moving average price is $49.57.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $137.85 million. During the same period in the previous year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts expect that Thermon Group Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

THR has been the topic of several recent research reports. CJS Securities downgraded shares of Thermon Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 25th. Roth Mkm downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. William Blair downgraded shares of Thermon Group from an “outperform” rating to a “hold” rating in a report on Wednesday, February 25th. Wall Street Zen raised shares of Thermon Group to a “hold” rating in a report on Saturday, May 30th. Finally, Craig Hallum downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.