Thermon Group Holdings, Inc. (NYSE:THR) had its price target lifted by equities researchers at BMO Capital Markets from $24.00 to $25.00 in a research note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price target points to a potential upside of 14.00% from the stock’s current price.

Several other research analysts have also issued reports on the company. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $20.00 target price on shares of Thermon Group Holdings in a research report on Tuesday. Zacks Investment Research raised Thermon Group Holdings from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $25.00 target price (up from $21.00) on shares of Thermon Group Holdings in a research report on Friday, October 6th. BidaskClub lowered Thermon Group Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Finally, Wolfe Research lowered Thermon Group Holdings from a “market perform” rating to an “underperform” rating in a research report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Thermon Group Holdings has a consensus rating of “Hold” and a consensus target price of $23.33.

Thermon Group Holdings (THR) traded up 2.48% during midday trading on Tuesday, hitting $21.93. The stock had a trading volume of 257,557 shares. Thermon Group Holdings has a 52 week low of $15.74 and a 52 week high of $22.36. The company’s 50-day moving average price is $18.83 and its 200 day moving average price is $18.76. The company has a market capitalization of $710.58 million, a PE ratio of 57.86 and a beta of 0.97.

Thermon Group Holdings (NYSE:THR) last released its quarterly earnings data on Monday, October 23rd. The technology company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The company had revenue of $61.63 million for the quarter, compared to the consensus estimate of $61.64 million. During the same quarter last year, the business posted $0.10 EPS. Thermon Group Holdings’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, analysts expect that Thermon Group Holdings will post $0.43 EPS for the current year.

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Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Thermon Group Holdings in the 1st quarter valued at about $109,000. Victory Capital Management Inc. increased its position in Thermon Group Holdings by 32.5% in the 1st 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 in the last quarter. Legal & General Group Plc increased its position in Thermon Group Holdings by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock valued at $155,000 after buying an additional 320 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in Thermon Group Holdings in the 1st quarter valued at about $215,000. Finally, M&T Bank Corp increased its position in Thermon Group Holdings by 0.8% in the 2nd quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock valued at $232,000 after buying an additional 99 shares in the last quarter.

About Thermon Group Holdings

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