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Thermon Group Holdings (NYSE:THR) CFO Jay Peterson sold 1,000 shares of the stock on the open market in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.50, for a total value of $24,500.00. Following the transaction, the chief financial officer now directly owns 4,830 shares in the company, valued at approximately $118,335. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Thermon Group Holdings (NYSE:THR) traded up 2.18% during mid-day trading on Friday, hitting $25.29. The stock had a trading volume of 118,312 shares. Thermon Group Holdings has a 1-year low of $19.01 and a 1-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 $807.6 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.

Several analysts have recently commented on the stock. 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 company’s stock. The company currently has an average rating of “Hold” and a consensus 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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