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

Shares of Thermon Group Holdings, Inc. (NYSE:THR) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have covered the stock in the last year is $57.00.

A number of research analysts recently commented on THR shares. Zacks Research lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Wall Street Zen upgraded shares of Thermon Group to a “hold” rating in a research note on Saturday, May 30th. Craig Hallum lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings lowered shares of 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in THR. Royal Bank of Canada lifted its stake in Thermon Group by 0.4% during the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock valued at $7,209,000 after purchasing an additional 1,082 shares during the last quarter. AQR Capital Management LLC lifted its stake in Thermon Group by 66.9% during the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock valued at $1,124,000 after purchasing an additional 16,177 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Thermon Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock valued at $552,000 after purchasing an additional 845 shares during the last quarter. Jane Street Group LLC lifted its stake in Thermon Group by 24.9% during the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock valued at $1,090,000 after purchasing an additional 7,798 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Thermon Group by 4.9% during the second quarter. JPMorgan Chase & Co. now owns 264,080 shares of the technology company’s stock valued at $7,415,000 after purchasing an additional 12,428 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Thermon Group Stock Performance

Thermon Group stock opened at $61.14 on Tuesday. The firm has a 50-day moving average price of $61.99 and a two-hundred day moving average price of $51.58. The company has a quick ratio of 1.76, a current ratio of 2.69 and a debt-to-equity ratio of 0.25. The firm 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 52-week low of $23.86 and a 52-week high of $71.87.

Thermon Group (NYSE:THR) last posted its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Thermon Group had a net margin of 8.31% and a return on equity of 13.42%. The company had revenue of $148.33 million for the quarter, compared to analyst estimates of $137.85 million. During the same quarter in the prior year, the business earned $0.56 EPS. Thermon Group’s revenue was up 10.6% compared to the same quarter last year. Sell-side analysts expect that Thermon Group will post 2.27 earnings per share for the current year.

About Thermon Group

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.