Thermon Group (NYSE:THR) Receives New Coverage from Analysts at CJS Securities

CJS Securities initiated coverage on shares of Thermon Group (NYSE:THR) in a report published on Monday, Marketbeat reports. The firm issued an outperform rating and a $42.00 price target on the technology company’s stock.

A number of other research analysts also recently commented on THR. StockNews.com downgraded shares of Thermon Group from a buy rating to a hold rating in a research report on Friday. Roth Mkm initiated coverage on Thermon Group in a research report on Wednesday, March 6th. They set a buy rating and a $36.00 target price on the stock.

Thermon Group Trading Up 1.9 %

NYSE THR opened at $32.43 on Monday. The company has a quick ratio of 1.53, a current ratio of 2.22 and a debt-to-equity ratio of 0.35. Thermon Group has a 52 week low of $20.56 and a 52 week high of $34.07. The stock has a market capitalization of $1.09 billion, a PE ratio of 22.52 and a beta of 1.18. The firm has a 50 day moving average of $29.98 and a two-hundred day moving average of $30.05.

Thermon Group (NYSE:THR) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.50 by $0.09. Thermon Group had a net margin of 10.05% and a return on equity of 14.60%. The company had revenue of $136.43 million during the quarter, compared to analysts’ expectations of $128.22 million. As a group, research analysts expect that Thermon Group will post 1.8 EPS for the current fiscal year.

Insider Activity at Thermon Group

In other Thermon Group news, Director Roger L. Fix purchased 1,555 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average price of $25.70 per share, for a total transaction of $39,963.50. Following the purchase, the director now directly owns 28,273 shares in the company, valued at $726,616.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Institutional Trading of Thermon Group

A number of large investors have recently bought and sold shares of THR. SG Americas Securities LLC acquired a new stake in Thermon Group during the 3rd quarter worth $385,000. Brown Advisory Inc. raised its position in Thermon Group by 3.1% during the 3rd quarter. Brown Advisory Inc. now owns 976,501 shares of the technology company’s stock worth $26,824,000 after buying an additional 28,946 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in Thermon Group during the 3rd quarter worth $248,000. Teacher Retirement System of Texas raised its position in Thermon Group by 21.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 51,212 shares of the technology company’s stock worth $1,407,000 after buying an additional 9,187 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Thermon Group by 46.5% during the 3rd quarter. Principal Financial Group Inc. now owns 12,068 shares of the technology company’s stock worth $332,000 after buying an additional 3,829 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It provides heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.