Thermon Group Holdings, Inc. (NYSE:THR) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday, July 6th.

A number of other research firms also recently weighed in on THR. BMO Capital Markets raised shares of Thermon Group Holdings from a “market perform” rating to an “outperform” rating and increased their target price for the company from $20.00 to $23.00 in a research report on Monday, March 27th. ValuEngine raised shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $22.00 target price (up from $21.00) on shares of Thermon Group Holdings in a research report on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $20.33.

Shares of Thermon Group Holdings (THR) traded up 0.86% during midday trading on Thursday, reaching $17.57. 97,607 shares of the company’s stock traded hands. The firm has a market cap of $568.74 million, a PE ratio of 46.36 and a beta of 0.98. The stock has a 50-day moving average price of $18.57 and a 200 day moving average price of $19.68. Thermon Group Holdings has a 12 month low of $16.50 and a 12 month high of $21.48.

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 Zacks’ consensus estimate of $0.05 by $0.04. Thermon Group Holdings had a return on equity of 3.92% and a net margin of 4.99%. The firm had revenue of $51.70 million during the quarter, compared to the consensus estimate of $58.35 million. During the same period in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 18.5% on a year-over-year basis. Equities research analysts predict that Thermon Group Holdings will post $0.45 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in THR. Legal & General Group Plc boosted its stake in shares of 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 worth $155,000 after buying an additional 320 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Thermon Group Holdings by 0.3% in the first quarter. Wells Fargo & Company MN now owns 183,407 shares of the technology company’s stock worth $3,822,000 after buying an additional 599 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Thermon Group Holdings by 2.1% in the second quarter. Rhumbline Advisers now owns 38,333 shares of the technology company’s stock worth $735,000 after buying an additional 784 shares during the last quarter. Granite Investment Partners LLC boosted its stake in shares of Thermon Group Holdings by 1.6% in the first quarter. Granite Investment Partners LLC now owns 52,136 shares of the technology company’s stock worth $1,087,000 after buying an additional 812 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Thermon Group Holdings by 2.9% in the first quarter. Parametric Portfolio Associates LLC now owns 31,131 shares of the technology company’s stock worth $649,000 after buying an additional 867 shares during the last quarter.

Thermon Group Holdings Company Profile

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