The Thermon Group Holdings, Inc. (THR) Lifted to “B-” at TheStreet

The Thermon Group Holdings, Inc. (THR) Lifted to “B-” at TheStreet

TheStreet upgraded shares of Thermon Group Holdings, Inc. (NYSE:THR) from a c rating to a b- rating in a research report released on Monday morning.

Several other research firms have also commented on THR. Zacks Investment Research raised Thermon Group Holdings from a hold rating to a buy rating and set a $24.00 price target on the stock in a research report on Wednesday. SunTrust Banks, Inc. reaffirmed a hold rating and set a $20.00 price target on shares of Thermon Group Holdings in a research report on Tuesday. BMO Capital Markets lifted their price target on Thermon Group Holdings from $24.00 to $25.00 and gave the stock an outperform rating in a research report on Tuesday. Jefferies Group LLC reaffirmed a buy rating and set a $25.00 price target (up previously from $21.00) on shares of Thermon Group Holdings in a research report on Friday, October 6th. Finally, ValuEngine raised Thermon Group Holdings from a sell rating to a hold rating in a research report on Thursday, June 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Thermon Group Holdings currently has an average rating of Hold and an average price target of $23.50.

Thermon Group Holdings (THR) opened at 21.27 on Monday. The stock has a 50 day moving average price of $19.04 and a 200-day moving average price of $18.79. The firm has a market capitalization of $689.19 million, a price-to-earnings ratio of 56.12 and a beta of 0.97. Thermon Group Holdings has a one year low of $15.74 and a one year high of $22.36.

Thermon Group Holdings (NYSE:THR) last released its quarterly earnings results on Monday, October 23rd. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The company had revenue of $61.63 million for the quarter, compared to analyst estimates of $61.64 million. Thermon Group Holdings had a return on equity of 4.47% and a net margin of 5.65%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. On average, analysts predict that Thermon Group Holdings will post $0.55 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Nationwide Fund Advisors increased its holdings in shares of Thermon Group Holdings by 92.7% in the third quarter. Nationwide Fund Advisors now owns 50,910 shares of the technology company’s stock valued at $916,000 after purchasing an additional 24,494 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Thermon Group Holdings by 4.2% in the second quarter. Sterling Capital Management LLC now owns 153,511 shares of the technology company’s stock valued at $2,943,000 after purchasing an additional 6,150 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Thermon Group Holdings by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 26,052 shares of the technology company’s stock valued at $499,000 after purchasing an additional 566 shares during the period. State Street Corp increased its holdings in shares of Thermon Group Holdings by 6.6% in the second quarter. State Street Corp now owns 630,757 shares of the technology company’s stock valued at $12,092,000 after purchasing an additional 39,271 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in shares of Thermon Group Holdings in the second quarter valued at approximately $49,144,000.

About Thermon Group Holdings

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