Thermon Group Holdings Inc (NYSE:THR) Director Roger L. Fix bought 2,250 shares of Thermon Group stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $22.10 per share, with a total value of $49,725.00. Following the completion of the transaction, the director now owns 3,167 shares of the company’s stock, valued at $69,990.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of THR traded down $0.52 during midday trading on Monday, reaching $21.52. The stock had a trading volume of 76,848 shares, compared to its average volume of 111,793. The business has a 50-day moving average price of $25.39. Thermon Group Holdings Inc has a 12-month low of $18.37 and a 12-month high of $27.95. The company has a quick ratio of 2.39, a current ratio of 3.28 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $766.63 million, a P/E ratio of 18.08 and a beta of 1.45.
Thermon Group (NYSE:THR) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.09). Thermon Group had a return on equity of 10.52% and a net margin of 5.10%. The firm had revenue of $91.70 million during the quarter, compared to analysts’ expectations of $89.35 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. Thermon Group’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts forecast that Thermon Group Holdings Inc will post 1.37 earnings per share for the current fiscal year.
THR has been the subject of a number of research reports. ValuEngine cut Thermon Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Zacks Investment Research upgraded Thermon Group from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, June 13th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Thermon Group currently has a consensus rating of “Buy” and a consensus price target of $28.00.
About Thermon Group
Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.
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