Insider Selling: Thermon Group Holdings CFO Sells 1,000 Shares of Stock (THR)
Thermon Group Holdings (NYSE:THR) CFO Jay Peterson sold 1,000 shares of the stock on the open market in a transaction dated Thursday, June 5th. The shares were sold at an average price of $24.50, for a total value of $24,500.00. Following the sale, the chief financial officer now directly owns 4,830 shares in the company, valued at approximately $118,335. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Thermon Group Holdings (NYSE:THR) traded up 2.18% during mid-day trading on Friday, hitting $25.29. 118,312 shares of the company’s stock traded hands. Thermon Group Holdings has a one year low of $19.01 and a one year high of $29.06. The stock has a 50-day moving average of $23.74 and a 200-day moving average of $25.50. The company has a market cap of $805.8 million and a P/E ratio of 30.94.
Thermon Group Holdings (NYSE:THR) last issued its quarterly earnings data on Thursday, May 29th. The company reported $0.30 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.02. The company had revenue of $67.50 million for the quarter, compared to the consensus estimate of $72.87 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. On average, analysts predict that Thermon Group Holdings will post $1.31 earnings per share for the current fiscal year.
A number of research firms have recently commented on THR. Analysts at Jefferies Group cut their price target on shares of Thermon Group Holdings from $32.00 to $30.00 in a research note on Wednesday, May 28th. They now have a “buy” rating on the stock. Analysts at KeyCorp downgraded shares of Thermon Group Holdings from a “buy” rating to a “hold” rating in a research note on Monday, May 19th. They now have a $29.50 price target on the stock. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $28.18.
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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