Thermon Group Holdings, Inc. (NYSE:THR) has earned an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $21.50.

Several research analysts have weighed in on the stock. BidaskClub downgraded shares of Thermon Group Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Wolfe Research downgraded shares of Thermon Group Holdings from a “market perform” rating to an “underperform” rating in a report on Friday, August 18th. Zacks Investment Research downgraded shares of Thermon Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. ValuEngine upgraded shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets lowered their target price on shares of Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd.

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Several hedge funds have recently made changes to their positions in THR. Teachers Advisors LLC raised its holdings in shares of Thermon Group Holdings by 7.1% in the fourth quarter. Teachers Advisors LLC now owns 60,312 shares of the technology company’s stock valued at $1,151,000 after purchasing an additional 3,976 shares during the last quarter. Wells Fargo & Company MN raised its holdings 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 valued at $3,822,000 after purchasing an additional 599 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Thermon Group Holdings in the first quarter valued at about $215,000. TD Asset Management Inc. raised its holdings in shares of Thermon Group Holdings by 42.8% in the first quarter. TD Asset Management Inc. now owns 19,700 shares of the technology company’s stock valued at $411,000 after purchasing an additional 5,900 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings 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 valued at $649,000 after purchasing an additional 867 shares during the last quarter.

Thermon Group Holdings (NYSE:THR) opened at 17.79 on Tuesday. Thermon Group Holdings has a 52-week low of $15.74 and a 52-week high of $21.48. The company has a market cap of $576.43 million, a P/E ratio of 46.94 and a beta of 0.98. The company has a 50-day moving average of $16.93 and a 200-day moving average of $18.88.

Thermon Group Holdings (NYSE:THR) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The business had revenue of $51.70 million for the quarter, compared to analyst estimates of $58.35 million. During the same quarter in the previous year, the company posted $0.08 EPS. The business’s quarterly revenue was down 18.5% on a year-over-year basis. On average, equities research analysts expect that Thermon Group Holdings will post $0.43 earnings per share for the current fiscal year.

Thermon Group Holdings Company Profile

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