Thermon Group Holdings, Inc. (NYSE:THR) Receives Average Recommendation of “Hold” from Analysts

Thermon Group Holdings, Inc. (NYSE:THR) has received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $57.00.

THR has been the subject of several analyst reports. William Blair downgraded Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. Wall Street Zen upgraded Thermon Group to a “hold” rating in a research note on Saturday, May 30th. Zacks Research downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. CJS Securities downgraded Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings downgraded Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th.

Institutional Trading of Thermon Group

Institutional investors and hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board purchased a new stake in shares of Thermon Group in the 2nd quarter valued at about $31,000. Assetmark Inc. raised its holdings in shares of Thermon Group by 68.1% in the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after acquiring an additional 620 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Thermon Group in the 3rd quarter valued at about $45,000. Nkcfo LLC purchased a new stake in shares of Thermon Group in the 4th quarter valued at about $85,000. Finally, Federated Hermes Inc. raised its holdings in shares of Thermon Group by 18.5% in the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock valued at $70,000 after acquiring an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Thermon Group Price Performance

THR stock opened at $61.14 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.76 and a current ratio of 2.69. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 45.63 and a beta of 0.83. Thermon Group has a fifty-two week low of $23.86 and a fifty-two week high of $71.87. The stock has a fifty day moving average of $58.98 and a 200-day moving average of $48.51.

Thermon Group (NYSE:THR) last posted its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The firm had revenue of $148.33 million for the quarter, compared to the consensus estimate of $137.85 million. Thermon Group had a return on equity of 13.42% and a net margin of 8.31%.The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. As a group, equities research analysts predict that Thermon Group will post 2.27 earnings per share for the current year.

Thermon Group Company Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.