Shares of Thermon Group Holdings, Inc. (NYSE:THR – Get Free Report) have received a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $57.00.
A number of research firms recently weighed in on THR. CJS Securities lowered shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. William Blair lowered shares of Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. Zacks Research lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Wall Street Zen upgraded shares of Thermon Group to a “hold” rating in a research note on Saturday, May 30th. Finally, Weiss Ratings lowered shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th.
Check Out Our Latest Stock Analysis on Thermon Group
Thermon Group Price Performance
Thermon Group (NYSE:THR – Get Free Report) last released its 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 return on equity of 13.42% and a net margin of 8.31%.The firm had revenue of $148.33 million for the quarter, compared to analysts’ expectations of $137.85 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that Thermon Group will post 2.27 EPS for the current fiscal year.
Hedge Funds Weigh In On Thermon Group
Several hedge funds have recently added to or reduced their stakes in THR. Canada Pension Plan Investment Board acquired a new stake in shares of Thermon Group in the second quarter valued at approximately $31,000. Assetmark Inc. boosted its holdings in shares of Thermon Group by 68.1% in the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after acquiring an additional 620 shares during the period. Danske Bank A S acquired a new stake in shares of Thermon Group in the third quarter valued at approximately $45,000. Federated Hermes Inc. boosted its holdings in shares of Thermon Group by 18.5% in the third quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock valued at $70,000 after acquiring an additional 409 shares during the period. Finally, NewEdge Advisors LLC acquired a new stake in shares of Thermon Group in the third quarter valued at approximately $83,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.
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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