Insider Selling: Charles A. Sorrentino Sells 1,000 Shares of Thermon Group Holdings Stock (THR)
Thermon Group Holdings (NYSE:THR) Director Charles A. Sorrentino unloaded 1,000 shares of the company’s stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $25.59, for a total value of $25,590.00. Following the completion of the sale, the director now directly owns 36,232 shares in the company, valued at approximately $927,177. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Thermon Group Holdings (NYSE:THR) traded up 0.23% during mid-day trading on Tuesday, hitting $25.79. The stock had a trading volume of 91,465 shares. Thermon Group Holdings has a 52-week low of $19.01 and a 52-week high of $29.06. The stock’s 50-day moving average is $25.20 and its 200-day moving average is $25.21. The company has a market cap of $823.5 million and a price-to-earnings ratio of 32.16.
Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings results on Thursday, May 29th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. Analysts expect that Thermon Group Holdings will post $1.28 EPS 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Thermon Group Holdings presently has an average rating of “Hold” and an average target price 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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