Thermon Group Holdings, Inc. (NYSE:THR) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Saturday.

A number of other analysts have also commented on the company. ValuEngine lowered Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Jefferies Group LLC reissued a “buy” rating and set a $22.00 price target (up from $21.00) on shares of Thermon Group Holdings in a research note on Sunday, May 28th. Zacks Investment Research raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Wolfe Research initiated coverage on Thermon Group Holdings in a research note on Tuesday, July 11th. They set a “market perform” rating on the stock. Finally, BMO Capital Markets cut their price target on Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given 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 16.10 on Friday. Thermon Group Holdings has a 12 month low of $15.74 and a 12 month high of $21.48. The company’s 50-day moving average is $18.00 and its 200 day moving average is $19.43. The firm has a market cap of $521.67 million, a P/E ratio of 42.48 and a beta of 0.98.

Thermon Group Holdings (NYSE:THR) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.01 EPS for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $58.35 million. During the same period in the previous year, the business posted $0.08 earnings per share. The business’s revenue for the quarter was down 18.5% compared to the same quarter last year. Equities research analysts expect that Thermon Group Holdings will post $0.43 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC bought a new position in Thermon Group Holdings during the second quarter worth approximately $49,144,000. American Century Companies Inc. bought a new position in Thermon Group Holdings during the second quarter worth approximately $6,681,000. Van Berkom & Associates Inc. raised its position in Thermon Group Holdings by 9.7% in the first quarter. Van Berkom & Associates Inc. now owns 2,323,241 shares of the technology company’s stock worth $48,416,000 after buying an additional 205,095 shares in the last quarter. Northern Trust Corp raised its position in Thermon Group Holdings by 43.5% in the second quarter. Northern Trust Corp now owns 559,499 shares of the technology company’s stock worth $10,725,000 after buying an additional 169,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Thermon Group Holdings by 10.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,517,164 shares of the technology company’s stock worth $29,083,000 after buying an additional 142,933 shares in the last quarter.

About Thermon Group Holdings

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