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

Thermon Group Holdings Inc (NYSE:THR) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $23.33.

THR has been the topic of several analyst reports. William Blair raised Thermon Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, November 29th. Jefferies Group reissued a “buy” rating and set a $25.00 target price (up previously from $21.00) on shares of Thermon Group in a research report on Friday, October 6th. Zacks Investment Research upgraded Thermon Group from a “strong sell” rating to a “hold” rating in a report on Thursday, October 19th. BMO Capital Markets boosted their price objective on Thermon Group from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, October 24th. Finally, SunTrust Banks restated a “hold” rating and set a $20.00 price objective on shares of Thermon Group in a report on Tuesday, October 24th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. TD Asset Management Inc. lifted its holdings in shares of Thermon Group by 104.6% in the 2nd quarter. TD Asset Management Inc. now owns 40,300 shares of the technology company’s stock worth $773,000 after buying an additional 20,600 shares during the period. Kempen Capital Management N.V. purchased a new stake in shares of Thermon Group in the 2nd quarter worth $2,542,000. American Century Companies Inc. purchased a new stake in shares of Thermon Group in the 2nd quarter worth $6,681,000. Citadel Advisors LLC lifted its holdings in shares of Thermon Group by 447.2% in the 3rd quarter. Citadel Advisors LLC now owns 132,232 shares of the technology company’s stock worth $2,378,000 after buying an additional 108,065 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Thermon Group by 85.2% in the 3rd quarter. Sei Investments Co. now owns 33,056 shares of the technology company’s stock worth $595,000 after buying an additional 15,206 shares during the period.

Thermon Group (THR) opened at $23.86 on Thursday. The firm has a market capitalization of $770.77, a P/E ratio of 56.81 and a beta of 1.06. The company has a current ratio of 3.73, a quick ratio of 2.95 and a debt-to-equity ratio of 0.15. Thermon Group has a 12-month low of $15.74 and a 12-month high of $26.50.

Thermon Group (NYSE:THR) last released its earnings results on Monday, October 23rd. The technology company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The firm had revenue of $61.63 million for the quarter, compared to the consensus estimate of $61.64 million. Thermon Group had a return on equity of 4.39% and a net margin of 5.65%. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. analysts forecast that Thermon Group will post 0.49 earnings per share for the current year.

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