Thermon Group Holdings, Inc. (NYSE:THR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Thermon Group Holdings, Inc. (NYSE:THR) have received a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $57.00.

THR has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded shares of Thermon Group to a “hold” rating in a research note on Saturday, May 30th.

Institutional Trading of Thermon Group

A number of hedge funds and other institutional investors have recently made changes to their positions in THR. Canada Pension Plan Investment Board bought a new position in shares of Thermon Group in the second quarter valued at about $31,000. Danske Bank A S bought a new stake in Thermon Group during the 3rd quarter worth about $45,000. NewEdge Advisors LLC acquired a new stake in Thermon Group in the 3rd quarter valued at about $83,000. Nkcfo LLC acquired a new stake in Thermon Group in the 4th quarter valued at about $85,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Thermon Group by 62.5% in the second quarter. BNP Paribas Financial Markets now owns 3,236 shares of the technology company’s stock worth $91,000 after acquiring an additional 1,245 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Stock Performance

Shares of Thermon Group stock opened at $61.14 on Friday. Thermon Group has a 52-week low of $23.86 and a 52-week high of $71.87. The firm has a market capitalization of $2.01 billion, a PE ratio of 45.63 and a beta of 0.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.69 and a quick ratio of 1.76. The company’s fifty day moving average price is $62.08 and its two-hundred day moving average price is $54.51.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Thermon Group had a return on equity of 13.42% and a net margin of 8.31%.The business had revenue of $148.33 million for the quarter, compared to the consensus estimate of $137.85 million. During the same period in the previous year, the business posted $0.56 earnings per share. Thermon Group’s revenue was up 10.6% on a year-over-year basis. On average, analysts expect that Thermon Group will post 2.27 EPS for the current year.

About Thermon Group

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.