Thermon Group Holdings Inc (THR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Thermon Group Holdings Inc (NYSE:THR) have received an average recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $28.67.

THR has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Thermon Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. ValuEngine downgraded shares of Thermon Group from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Finally, TheStreet downgraded shares of Thermon Group from a “b-” rating to a “c+” rating in a research note on Wednesday, December 19th.

A number of hedge funds and other institutional investors have recently made changes to their positions in THR. Wells Fargo & Company MN lifted its stake in Thermon Group by 2.4% in the third quarter. Wells Fargo & Company MN now owns 151,909 shares of the technology company’s stock worth $3,917,000 after purchasing an additional 3,596 shares during the last quarter. BlackRock Inc. lifted its stake in Thermon Group by 4.2% in the third quarter. BlackRock Inc. now owns 2,140,293 shares of the technology company’s stock worth $55,176,000 after purchasing an additional 86,488 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Thermon Group by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,739,830 shares of the technology company’s stock worth $44,853,000 after purchasing an additional 22,683 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Thermon Group during the third quarter valued at approximately $1,105,000. Finally, Uniplan Investment Counsel Inc. bought a new stake in shares of Thermon Group during the third quarter valued at approximately $2,475,000.

Shares of NYSE:THR traded up $0.04 during trading on Friday, reaching $24.51. The company’s stock had a trading volume of 102,241 shares, compared to its average volume of 90,868. The company has a current ratio of 3.35, a quick ratio of 2.38 and a debt-to-equity ratio of 0.62. Thermon Group has a 12 month low of $18.37 and a 12 month high of $27.95. The company has a market cap of $797.78 million, a price-to-earnings ratio of 24.76 and a beta of 1.35.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Wednesday, January 30th. The technology company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.05. Thermon Group had a net margin of 5.50% and a return on equity of 10.70%. The firm had revenue of $119.36 million during the quarter, compared to the consensus estimate of $100.28 million. During the same quarter last year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 28.8% compared to the same quarter last year. As a group, equities analysts forecast that Thermon Group will post 1.15 EPS for the current year.

About Thermon Group

Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.

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