Thermon Group Holdings, Inc. (NYSE:THR) had its price objective hoisted by investment analysts at BMO Capital Markets from $21.00 to $24.00 in a research note issued on Thursday. The brokerage currently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 15.94% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. BidaskClub raised shares of Thermon Group Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. ValuEngine raised shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Wolfe Research initiated coverage on shares of Thermon Group Holdings in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Thermon Group Holdings currently has a consensus rating of “Hold” and an average target price of $23.00.

Shares of Thermon Group Holdings (THR) traded up 0.48% during mid-day trading on Thursday, reaching $20.80. 110,547 shares of the company were exchanged. Thermon Group Holdings has a 12 month low of $15.74 and a 12 month high of $21.52. The firm has a 50-day moving average price of $17.15 and a 200 day moving average price of $18.71. The stock has a market capitalization of $673.96 million, a P/E ratio of 54.88 and a beta of 0.97.

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

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A number of large investors have recently modified their holdings of THR. Wells Fargo & Company MN increased its stake in Thermon Group Holdings by 0.3% in the first quarter. Wells Fargo & Company MN now owns 183,407 shares of the technology company’s stock valued at $3,822,000 after purchasing an additional 599 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in Thermon Group Holdings in the first quarter valued at approximately $215,000. TD Asset Management Inc. increased its stake in Thermon Group Holdings by 42.8% in the first quarter. TD Asset Management Inc. now owns 19,700 shares of the technology company’s stock valued at $411,000 after purchasing an additional 5,900 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Thermon Group Holdings by 2.9% in the first quarter. Parametric Portfolio Associates LLC now owns 31,131 shares of the technology company’s stock valued at $649,000 after purchasing an additional 867 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Thermon Group Holdings in the first quarter valued at approximately $109,000.

About Thermon Group Holdings

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