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

Shares of Thermon Group Holdings, Inc. (NYSE:THR) have been assigned an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $57.00.

Several brokerages have recently weighed in on THR. Weiss Ratings cut Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded shares of Thermon Group to a “hold” rating in a research report on Saturday, May 30th.

Thermon Group Stock Performance

Shares of THR opened at $61.14 on Wednesday. Thermon Group has a fifty-two week low of $23.86 and a fifty-two week high of $71.87. The business has a 50-day moving average of $61.14 and a 200 day moving average of $57.02. The firm has a market cap of $2.01 billion, a P/E ratio of 45.63 and a beta of 0.83. 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 quarterly earnings data on Tuesday, May 19th. The technology company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The business had revenue of $148.33 million during the quarter, compared to analysts’ expectations of $137.85 million. Thermon Group had a net margin of 8.31% and a return on equity of 13.42%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. As a group, research analysts forecast that Thermon Group will post 2.27 EPS for the current year.

Hedge Funds Weigh In On Thermon Group

Institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new position in Thermon Group in the second quarter valued at $31,000. Danske Bank A S bought a new stake in Thermon Group during the third quarter worth about $45,000. NewEdge Advisors LLC purchased a new position in shares of Thermon Group in the 3rd quarter worth about $83,000. Nkcfo LLC purchased a new position in shares of Thermon Group in the 4th quarter worth about $85,000. Finally, BNP Paribas Financial Markets increased its position in shares of 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 last quarter. Institutional investors own 99.76% of the company’s stock.

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.