Thermon Group Holdings Inc (NYSE:THR) has been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $23.33.
A number of analysts have recently commented on THR shares. TheStreet upgraded shares of Thermon Group from a “c” rating to a “b-” rating in a report on Monday, October 23rd. Zacks Investment Research upgraded shares of Thermon Group from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, October 25th. Jefferies Group restated a “buy” rating and set a $25.00 target price (up previously from $21.00) on shares of Thermon Group in a report on Friday, October 6th. SunTrust Banks restated a “hold” rating and set a $20.00 target price on shares of Thermon Group in a report on Tuesday, October 24th. Finally, William Blair upgraded shares of Thermon Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, November 29th.
Shares of Thermon Group (NYSE:THR) opened at $24.45 on Monday. Thermon Group has a fifty-two week low of $15.74 and a fifty-two week high of $26.50. The company has a market cap of $793.16, a price-to-earnings ratio of 58.21 and a beta of 1.05. The company has a current ratio of 3.73, a quick ratio of 2.95 and a debt-to-equity ratio of 0.15.
Several institutional investors and hedge funds have recently bought and sold shares of THR. Janus Henderson Group PLC purchased a new position in shares of Thermon Group in the 2nd quarter worth about $49,144,000. American Century Companies Inc. raised its position in shares of Thermon Group by 93.3% in the 3rd quarter. American Century Companies Inc. now owns 673,701 shares of the technology company’s stock worth $12,120,000 after purchasing an additional 325,206 shares during the last quarter. Northern Trust Corp raised its position in shares of Thermon Group by 43.5% in the 2nd quarter. Northern Trust Corp now owns 559,499 shares of the technology company’s stock worth $10,725,000 after purchasing an additional 169,600 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Thermon Group by 9.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,665,337 shares of the technology company’s stock worth $29,960,000 after purchasing an additional 148,173 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Thermon Group by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,615,497 shares of the technology company’s stock worth $50,138,000 after purchasing an additional 110,975 shares during the last quarter.
Thermon Group Company Profile
Thermon Group Holdings, Inc is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.
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