Thermon Group (NYSE:THR) Coverage Initiated at CJS Securities

CJS Securities initiated coverage on shares of Thermon Group (NYSE:THR) in a research note issued to investors on Monday morning, Marketbeat reports. The firm issued an outperform rating and a $42.00 price target on the technology company’s stock.

A number of other equities research analysts have also commented on the stock. Roth Mkm assumed coverage on shares of Thermon Group in a report on Wednesday, March 6th. They set a buy rating and a $36.00 price objective on the stock. StockNews.com lowered shares of Thermon Group from a buy rating to a hold rating in a report on Friday, April 26th.

Thermon Group Trading Up 0.7 %

THR opened at $32.14 on Monday. The firm’s fifty day moving average is $30.18 and its two-hundred day moving average is $30.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.22. The firm has a market cap of $1.08 billion, a PE ratio of 22.32 and a beta of 1.18. Thermon Group has a twelve month low of $20.56 and a twelve month high of $34.07.

Thermon Group (NYSE:THR) last posted its earnings results on Thursday, February 1st. The technology company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.09. The company had revenue of $136.43 million for the quarter, compared to analyst estimates of $128.22 million. Thermon Group had a net margin of 10.05% and a return on equity of 14.60%. Equities research analysts anticipate that Thermon Group will post 1.8 EPS for the current year.

Insider Buying and Selling

In other Thermon Group news, Director Roger L. Fix bought 1,555 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was acquired at an average price of $25.70 per share, with a total value of $39,963.50. Following the completion of the transaction, the director now owns 28,273 shares in the company, valued at $726,616.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in THR. AJOVista LLC bought a new position in shares of Thermon Group in the 4th quarter valued at about $85,000. Quest Partners LLC bought a new stake in shares of Thermon Group during the 4th quarter valued at approximately $167,000. QRG Capital Management Inc. bought a new stake in shares of Thermon Group during the 4th quarter valued at approximately $238,000. Hennion & Walsh Asset Management Inc. bought a new stake in Thermon Group during the 3rd quarter worth approximately $248,000. Finally, Premier Fund Managers Ltd bought a new stake in shares of Thermon Group in the 3rd quarter valued at $254,000. Institutional investors own 99.76% of the company’s stock.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It provides heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.