Zacks Investment Research upgraded shares of Thermon Group Holdings Inc. (NYSE:THR) from a sell rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “Thermon Holding Corp. is engaged in providing engineered thermal solutions, known as heat tracing, for process industries, including energy, chemical processing and power generation. Products offered by the Company include heating cables, tubing bundles and control systems while services offered by it includes design optimization, engineering, installation and maintenance services. Its products provide an external heat source to pipes, vessels and instruments for the purposes of freeze protection, temperature and flow maintenance and environmental monitoring. Thermon Holding Corp. is based in San Marcos, Texas. “

THR has been the subject of several other research reports. BMO Capital Markets set a $19.00 target price on Thermon Group Holdings and gave the stock a hold rating in a research note on Wednesday, September 14th. SunTrust Banks Inc. cut their target price on Thermon Group Holdings from $19.00 to $18.00 and set a neutral rating for the company in a research note on Thursday, August 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average target price of $19.75.

Shares of Thermon Group Holdings (NYSE:THR) traded down 1.78% on Thursday, hitting $19.32. 31,275 shares of the stock traded hands. The stock has a 50 day moving average of $18.97 and a 200-day moving average of $19.24. Thermon Group Holdings has a 1-year low of $13.97 and a 1-year high of $22.59. The stock has a market cap of $623.21 million, a PE ratio of 29.72 and a beta of 1.09.

Thermon Group Holdings (NYSE:THR) last issued its earnings results on Wednesday, August 3rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by $0.07. Thermon Group Holdings had a return on equity of 8.78% and a net margin of 7.54%. The company earned $63.40 million during the quarter, compared to the consensus estimate of $64.09 million. During the same quarter in the prior year, the business earned $0.18 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts expect that Thermon Group Holdings will post $0.71 EPS for the current year.

Several large investors have recently bought and sold shares of THR. Nisa Investment Advisors LLC raised its stake in Thermon Group Holdings by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the company’s stock valued at $117,000 after buying an additional 500 shares during the last quarter. BlackRock Inc. raised its stake in Thermon Group Holdings by 224.0% in the second quarter. BlackRock Inc. now owns 8,518 shares of the company’s stock valued at $164,000 after buying an additional 5,889 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in Thermon Group Holdings during the second quarter valued at about $165,000. Menta Capital LLC raised its stake in Thermon Group Holdings by 7.7% in the first quarter. Menta Capital LLC now owns 16,850 shares of the company’s stock valued at $296,000 after buying an additional 1,200 shares during the last quarter. Finally, Numeric Investors LLC bought a new stake in Thermon Group Holdings during the second quarter valued at about $296,000.

Thermon Group Holdings Company Profile

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