Thermon Group Holdings, Inc. (NYSE:THR) Receives Consensus Recommendation of “Hold” from Analysts

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

Several equities research analysts recently weighed in on the stock. Weiss Ratings cut 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 raised Thermon Group to a “hold” rating in a report on Saturday, May 30th. Finally, Zacks Research downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Intech Investment Management LLC lifted its holdings in Thermon Group by 2.3% in the third quarter. Intech Investment Management LLC now owns 14,346 shares of the technology company’s stock valued at $383,000 after buying an additional 327 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Thermon Group by 5.5% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 10,091 shares of the technology company’s stock worth $375,000 after acquiring an additional 525 shares during the period. Riverpoint Wealth Management Holdings LLC raised its position in shares of Thermon Group by 1.4% during the 1st quarter. Riverpoint Wealth Management Holdings LLC now owns 52,108 shares of the technology company’s stock valued at $2,626,000 after acquiring an additional 740 shares during the last quarter. Legal & General Group Plc raised its position in shares of Thermon Group by 2.2% during the 3rd quarter. Legal & General Group Plc now owns 38,133 shares of the technology company’s stock valued at $1,019,000 after acquiring an additional 807 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Thermon Group by 0.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 240,903 shares of the technology company’s stock valued at $8,952,000 after purchasing an additional 816 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Thermon Group Stock Performance

NYSE:THR remained flat at $61.14 during trading hours on Tuesday. The company has a market capitalization of $2.01 billion, a PE ratio of 45.63 and a beta of 0.83. Thermon Group has a fifty-two week low of $23.86 and a fifty-two week high of $71.87. The firm’s 50 day simple moving average is $62.75 and its 200 day simple moving average is $52.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.69 and a quick ratio of 1.76.

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