Thermon Group (NYSE:THR) was downgraded by research analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued to clients and investors on Friday, February 9th.
Other analysts also recently issued research reports about the stock. BMO Capital Markets raised their price target on shares of Thermon Group to $31.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. SunTrust Banks reiterated a “hold” rating and issued a $20.00 target price on shares of Thermon Group in a report on Tuesday, October 24th. Zacks Investment Research upgraded shares of Thermon Group from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Friday, January 12th. Finally, William Blair upgraded shares of Thermon Group from a “market perform” rating to an “outperform” rating in a research note on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $25.25.
Thermon Group (NYSE:THR) opened at $21.96 on Friday. The company has a quick ratio of 3.04, a current ratio of 4.27 and a debt-to-equity ratio of 0.71. Thermon Group has a 12 month low of $15.74 and a 12 month high of $26.50. The firm has a market cap of $712.92, a PE ratio of 43.92 and a beta of 0.96.
Thermon Group (NYSE:THR) last released its earnings results on Thursday, February 8th. The technology company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.05. The business had revenue of $92.70 million for the quarter, compared to analyst estimates of $80.42 million. Thermon Group had a net margin of 3.33% and a return on equity of 5.16%. The business’s revenue was up 44.2% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS. equities analysts anticipate that Thermon Group will post 0.61 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in THR. SG Americas Securities LLC purchased a new stake in Thermon Group in the third quarter valued at $144,000. Quadrature Capital Ltd purchased a new stake in Thermon Group in the fourth quarter valued at $210,000. Aperio Group LLC purchased a new stake in Thermon Group in the fourth quarter valued at $230,000. Nisa Investment Advisors LLC lifted its position in Thermon Group by 87.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 10,480 shares of the technology company’s stock valued at $248,000 after acquiring an additional 4,900 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Thermon Group by 37.1% in the third quarter. Victory Capital Management Inc. now owns 10,840 shares of the technology company’s stock valued at $195,000 after acquiring an additional 2,936 shares during the last quarter.
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About Thermon Group
Thermon Group Holdings, Inc is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.
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