Shares of Thermon Group Holdings, Inc. (NYSE:THR) have received an average rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $21.00.

A number of analysts have recently commented on THR shares. BMO Capital Markets upgraded Thermon Group Holdings from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $20.00 to $23.00 in a research report on Monday, March 27th. Jefferies Group LLC reiterated a “buy” rating and set a $22.00 target price (up previously from $21.00) on shares of Thermon Group Holdings in a research report on Sunday, May 28th. ValuEngine cut Thermon Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, May 27th. Finally, BidaskClub upgraded Thermon Group Holdings from a “hold” rating to a “buy” rating in a research report on Thursday.

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Shares of Thermon Group Holdings (NYSE THR) traded down 0.43% on Thursday, reaching $18.74. The company had a trading volume of 109,051 shares. Thermon Group Holdings has a 52 week low of $16.50 and a 52 week high of $21.48. The company has a 50 day moving average of $19.14 and a 200-day moving average of $19.84. The company has a market capitalization of $606.61 million, a P/E ratio of 41.64 and a beta of 1.00.

Thermon Group Holdings (NYSE:THR) last posted its earnings results on Wednesday, May 24th. The technology company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.03. Thermon Group Holdings had a return on equity of 4.60% and a net margin of 5.54%. The firm had revenue of $67.60 million for the quarter, compared to analyst estimates of $66.24 million. During the same quarter last year, the firm posted $0.20 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. Analysts predict that Thermon Group Holdings will post $0.45 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Granite Investment Partners LLC boosted its stake in Thermon Group Holdings by 1.6% in the first quarter. Granite Investment Partners LLC now owns 52,136 shares of the technology company’s stock worth $1,087,000 after buying an additional 812 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Thermon Group Holdings by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,289,019 shares of the technology company’s stock valued at $24,608,000 after buying an additional 91,390 shares during the period. WCM Investment Management CA boosted its position in shares of Thermon Group Holdings by 3.7% in the first quarter. WCM Investment Management CA now owns 237,534 shares of the technology company’s stock valued at $4,950,000 after buying an additional 8,385 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Thermon Group Holdings during the fourth quarter valued at about $2,436,000. Finally, Victory Capital Management Inc. boosted its position in shares of Thermon Group Holdings by 32.5% in the first quarter. Victory Capital Management Inc. now owns 6,719 shares of the technology company’s stock valued at $140,000 after buying an additional 1,647 shares during the period.

About Thermon Group Holdings

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