Thermon Group Holdings Inc (THR) Receives Average Recommendation of “Hold” from Brokerages

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.

Thermon Group (NYSE:THR) last announced its earnings results on Monday, October 23rd. The technology company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. Thermon Group had a net margin of 5.65% and a return on equity of 4.39%. The firm had revenue of $61.63 million for the quarter, compared to analysts’ expectations of $61.64 million. During the same quarter in the previous year, the business posted $0.10 EPS. The company’s quarterly revenue was down 10.4% on a year-over-year basis. sell-side analysts forecast that Thermon Group will post 0.49 earnings per share for the current year.

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.

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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.

Analyst Recommendations for Thermon Group (NYSE:THR)

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