Thermon Group Holdings, Inc. (NYSE:THR) Given Consensus Recommendation of “Hold” by Analysts

Thermon Group Holdings, Inc. (NYSE:THR) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $57.00.

A number of equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings downgraded shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Craig Hallum downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen raised shares of Thermon Group to a “hold” rating in a research report on Saturday, May 30th.

Thermon Group Price Performance

THR opened at $61.14 on Tuesday. The company has a 50-day moving average of $61.99 and a 200-day moving average of $51.58. The company has a market capitalization of $2.01 billion, a P/E ratio of 45.63 and a beta of 0.83. Thermon Group has a 1-year low of $23.86 and a 1-year high of $71.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.76 and a current ratio of 2.69.

Thermon Group (NYSE:THR) last released its 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). Thermon Group had a return on equity of 13.42% and a net margin of 8.31%.The company had revenue of $148.33 million during the quarter, compared to the consensus estimate of $137.85 million. During the same period in the previous year, the firm posted $0.56 EPS. Thermon Group’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities analysts expect that Thermon Group will post 2.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new position in Thermon Group during the 2nd quarter valued at about $31,000. Danske Bank A S acquired a new position in Thermon Group during the 3rd quarter valued at about $45,000. NewEdge Advisors LLC acquired a new position in Thermon Group during the 3rd quarter valued at about $83,000. Nkcfo LLC acquired a new position in Thermon Group during the 4th quarter valued at about $85,000. Finally, BNP Paribas Financial Markets boosted its stake in Thermon Group by 62.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,236 shares of the technology company’s stock valued at $91,000 after purchasing an additional 1,245 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

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.