Thermon Group Holdings, Inc. (NYSE:THR – Get Free Report) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $57.00.
A number of research analysts have recently commented on THR shares. Wall Street Zen raised shares of Thermon Group to a “hold” rating in a research report on Saturday, May 30th. Weiss Ratings cut shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, May 26th.
Check Out Our Latest Research Report on Thermon Group
Thermon Group Stock Performance
Thermon Group (NYSE:THR – Get Free Report) last announced 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). The business had revenue of $148.33 million during the quarter, compared to the consensus estimate of $137.85 million. Thermon Group had a return on equity of 13.42% and a net margin of 8.31%.The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. As a group, research analysts anticipate that Thermon Group will post 2.27 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Thermon Group during the 1st quarter worth $1,151,000. Peregrine Asset Advisers Inc. bought a new position in Thermon Group during the fourth quarter valued at about $2,282,000. Denali Advisors LLC purchased a new stake in Thermon Group during the fourth quarter worth about $638,000. Strs Ohio purchased a new stake in Thermon Group during the fourth quarter worth about $710,000. Finally, First Eagle Investment Management LLC raised its position in Thermon Group by 2.2% in the fourth quarter. First Eagle Investment Management LLC now owns 400,510 shares of the technology company’s stock worth $14,883,000 after acquiring an additional 8,532 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.
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.
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