Thermon Group Holdings, Inc. (NYSE:THR) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Saturday.

Several other research analysts have also recently issued reports on THR. ValuEngine cut Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Jefferies Group LLC reissued a “buy” rating and issued a $22.00 price target (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Sunday, May 28th. Wolfe Research initiated coverage on Thermon Group Holdings in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Zacks Investment Research raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, BMO Capital Markets decreased their price target on Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.50.

Shares of Thermon Group Holdings (NYSE:THR) traded down 2.54% during trading on Friday, hitting $16.10. 271,675 shares of the stock were exchanged. Thermon Group Holdings has a one year low of $15.74 and a one year high of $21.48. The stock’s 50 day moving average price is $18.00 and its 200 day moving average price is $19.43. The stock has a market cap of $521.67 million, a PE ratio of 42.48 and a beta of 0.98.

Thermon Group Holdings (NYSE:THR) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.04. Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The business had revenue of $51.70 million during the quarter, compared to the consensus estimate of $58.35 million. During the same period in the previous year, the company posted $0.08 EPS. The company’s revenue for the quarter was down 18.5% compared to the same quarter last year. Equities research analysts predict that Thermon Group Holdings will post $0.43 EPS for the current year.

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Several hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in shares of Thermon Group Holdings by 0.8% in the first quarter. Wellington Management Group LLP now owns 3,630,613 shares of the technology company’s stock valued at $75,662,000 after buying an additional 30,480 shares during the period. Vanguard Group Inc. raised its stake in shares of Thermon Group Holdings by 4.4% in the second quarter. Vanguard Group Inc. now owns 2,615,497 shares of the technology company’s stock valued at $50,138,000 after buying an additional 110,975 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Thermon Group Holdings during the second quarter valued at $49,144,000. Van Berkom & Associates Inc. raised its stake in shares of Thermon Group Holdings by 0.4% in the second quarter. Van Berkom & Associates Inc. now owns 2,332,101 shares of the technology company’s stock valued at $44,706,000 after buying an additional 8,860 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Thermon Group Holdings by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,517,164 shares of the technology company’s stock valued at $29,083,000 after buying an additional 142,933 shares during the period.

About Thermon Group Holdings

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