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

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

Several brokerages have recently issued reports on THR. William Blair lowered Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. Zacks Research lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Wall Street Zen lowered Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. CJS Securities lowered Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. Finally, Craig Hallum lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd.

Institutional Investors Weigh In On Thermon Group

Several large investors have recently modified their holdings of THR. GW&K Investment Management LLC increased its holdings in shares of Thermon Group by 133.4% in the third quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock worth $38,198,000 after acquiring an additional 817,138 shares in the last quarter. Clifford Capital Partners LLC increased its holdings in shares of Thermon Group by 2,551.8% in the fourth quarter. Clifford Capital Partners LLC now owns 430,230 shares of the technology company’s stock worth $15,987,000 after acquiring an additional 414,006 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Thermon Group by 960.3% in the fourth quarter. Janus Henderson Group PLC now owns 250,813 shares of the technology company’s stock worth $9,320,000 after acquiring an additional 227,157 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Thermon Group by 445.3% in the fourth quarter. Invesco Ltd. now owns 273,068 shares of the technology company’s stock worth $10,147,000 after acquiring an additional 222,990 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Thermon Group by 287.4% in the third quarter. UBS Group AG now owns 288,370 shares of the technology company’s stock worth $7,705,000 after acquiring an additional 213,935 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Trading Down 0.0%

Shares of THR opened at $65.66 on Monday. The company has a quick ratio of 1.84, a current ratio of 2.90 and a debt-to-equity ratio of 0.25. Thermon Group has a 12-month low of $23.86 and a 12-month high of $71.24. The firm has a market capitalization of $2.16 billion, a PE ratio of 37.30 and a beta of 0.83. The stock’s fifty day simple moving average is $52.30 and its 200-day simple moving average is $43.64.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.07. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The business had revenue of $147.31 million for the quarter, compared to analyst estimates of $138.35 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, research analysts predict that Thermon Group will post 2.13 earnings per share for the current year.

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.