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

Thermon Group Holdings, Inc. (NYSE:THR) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average 1 year price target among analysts that have issued a report on the stock in the last year is $57.00.

Several analysts have issued reports on the company. Wall Street Zen raised Thermon Group to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings cut Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. GW&K Investment Management LLC grew its stake in shares of Thermon Group by 13.8% in the 4th quarter. GW&K Investment Management LLC now owns 1,627,257 shares of the technology company’s stock valued at $60,469,000 after purchasing an additional 197,715 shares during the last quarter. Medina Value Partners LLC raised its position in shares of Thermon Group by 5.7% during the 4th quarter. Medina Value Partners LLC now owns 1,043,526 shares of the technology company’s stock worth $38,777,000 after purchasing an additional 56,361 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Thermon Group by 33.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 679,685 shares of the technology company’s stock valued at $34,256,000 after purchasing an additional 171,346 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Thermon Group by 5.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 492,782 shares of the technology company’s stock worth $13,167,000 after purchasing an additional 24,998 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its holdings in Thermon Group by 38.2% in the third quarter. Kennedy Capital Management LLC now owns 440,165 shares of the technology company’s stock valued at $11,761,000 after purchasing an additional 121,634 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Stock Performance

NYSE THR opened at $61.14 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.69 and a debt-to-equity ratio of 0.25. Thermon Group has a twelve month low of $23.86 and a twelve month high of $71.87. The business has a 50-day moving average price of $61.72 and a 200-day moving average price of $55.30. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 45.63 and a beta of 0.83.

Thermon Group (NYSE:THR) last posted its earnings results 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 firm had revenue of $148.33 million during the quarter, compared to analysts’ expectations of $137.85 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Thermon Group’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts predict that Thermon Group will post 2.27 EPS for the current fiscal year.

Thermon Group Company Profile

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.