Wolfe Research cut shares of Thermon Group Holdings, Inc. (NYSE:THR) from a market perform rating to an underperform rating in a research note released on Friday.
THR has been the subject of several other research reports. Jefferies Group LLC reaffirmed a buy rating and issued a $22.00 price objective (up previously from $21.00) on shares of Thermon Group Holdings in a research report on Sunday, May 28th. BidaskClub raised shares of Thermon Group Holdings from a hold rating to a buy rating in a research report on Thursday, July 6th. ValuEngine cut Thermon Group Holdings from a hold rating to a sell rating in a research note on Saturday, May 27th. Zacks Investment Research upgraded Thermon Group Holdings from a sell rating to a hold rating in a research note on Thursday, July 27th. Finally, BMO Capital Markets reduced their target price on Thermon Group Holdings from $23.00 to $21.00 and set an outperform rating for the company in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Thermon Group Holdings presently has an average rating of Hold and a consensus target price of $21.50.
Thermon Group Holdings (THR) opened at 16.25 on Friday. Thermon Group Holdings has a 52 week low of $15.74 and a 52 week high of $21.48. The stock has a market cap of $526.53 million, a P/E ratio of 42.88 and a beta of 0.98. The company has a 50-day moving average of $17.92 and a 200-day moving average of $19.38.
Thermon Group Holdings (NYSE:THR) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.04. Thermon Group Holdings had a net margin of 4.99% and a return on equity of 3.88%. The firm had revenue of $51.70 million during the quarter, compared to analyst estimates of $58.35 million. During the same period last year, the business earned $0.08 EPS. The firm’s revenue was down 18.5% compared to the same quarter last year. On average, analysts predict that Thermon Group Holdings will post $0.43 EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in THR. SG Americas Securities LLC acquired a new position in Thermon Group Holdings during the first quarter valued at approximately $109,000. Victory Capital Management Inc. boosted its position in Thermon Group Holdings by 32.5% in the first quarter. Victory Capital Management Inc. now owns 6,719 shares of the technology company’s stock valued at $140,000 after buying an additional 1,647 shares during the period. Legal & General Group Plc boosted its position in Thermon Group Holdings by 4.1% in the second quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock valued at $155,000 after buying an additional 320 shares during the period. UBS Asset Management Americas Inc. acquired a new position in Thermon Group Holdings during the first quarter valued at approximately $215,000. Finally, Wrapmanager Inc. acquired a new position in Thermon Group Holdings during the first quarter valued at approximately $223,000.
Thermon Group Holdings Company Profile
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