Insider Selling: Thermon Group Holdings CFO Sells $122,400 in Stock (THR)
Thermon Group Holdings (NYSE:THR) CFO Jay Peterson sold 4,500 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $27.20, for a total transaction of $122,400.00. Following the completion of the sale, the chief financial officer now directly owns 3,214 shares of the company’s stock, valued at approximately $87,421. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
THR has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Thermon Group Holdings in a research note to investors on Monday, November 11th. They now have a $27.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Thermon Group Holdings from $24.00 to $30.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Thermon Group Holdings from $26.00 to $30.00 in a research note to investors on Monday, November 11th. They now have an “overweight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $27.10.
Shares of Thermon Group Holdings (NYSE:THR) remained flat at $27.42 during trading on Friday. The stock had a trading volume of 94,605 shares. Thermon Group Holdings has a 52 week low of $17.99 and a 52 week high of $29.06. The stock has a 50-day moving average of $27.72 and a 200-day moving average of $23.63. The company has a market cap of $866.3 million and a price-to-earnings ratio of 51.74.
Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.02. The company had revenue of $72.80 million for the quarter, compared to the consensus estimate of $70.00 million. During the same quarter last year, the company posted $0.26 earnings per share. Thermon Group Holdings’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that Thermon Group Holdings will post $1.23 EPS 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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