Thermon Group Holdings CEO Rodney Bingham Sells 25,000 Shares (THR)
Thermon Group Holdings (NYSE:THR) CEO Rodney Bingham sold 25,000 shares of the stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $22.18, for a total transaction of $554,500.00. Following the sale, the chief executive officer now directly owns 6,204 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
THR has been the subject of a number of recent research reports. Analysts at Barclays Capital raised their price target on shares of Thermon Group Holdings (NYSE:THR) from $24.00 to $26.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Zacks upgraded shares of Thermon Group Holdings (NYSE:THR) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 28th. They now have a $21.40 price target on the stock. Finally, analysts at Zacks downgraded shares of Thermon Group Holdings (NYSE:THR) from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, July 30th. They now have a $19.40 price target on the stock.
Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.60.
Thermon Group Holdings (NYSE:THR) traded down 0.59% on Thursday, hitting $22.07. The stock had a trading volume of 144,454 shares. Thermon Group Holdings has a 1-year low of $17.99 and a 1-year high of $26.24. The stock has a 50-day moving average of $20.48 and a 200-day moving average of $20.58. The company has a market cap of $693.5 million and a price-to-earnings ratio of 52.11.
Thermon Group Holdings (NYSE:THR) last released its earnings data on Thursday, August 8th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.01. The company had revenue of $65.60 million for the quarter, compared to the consensus estimate of $68.15 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts predict that Thermon Group Holdings will post $1.19 earnings per share for the current fiscal year.
Thermon Group Holdings, Inc provides thermal solutions for process industries. The Company provides a range of products, including heating cables, tubing bundles and control systems, and services, including design optimization, engineering, installation and maintenance services.
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