Thermon Group Holdings, Inc. (NYSE:THR) had its target price raised by BMO Capital Markets from $21.00 to $24.00 in a research report released on Thursday morning. The firm currently has an outperform rating on the technology company’s stock.

A number of other equities research analysts have also weighed in on the stock. ValuEngine raised shares of Thermon Group Holdings from a sell rating to a hold rating in a research note on Thursday, June 29th. BidaskClub lowered shares of Thermon Group Holdings from a buy rating to a hold rating in a research note on Thursday, July 13th. Zacks Investment Research raised shares of Thermon Group Holdings from a sell rating to a hold rating in a research note on Thursday, July 27th. Finally, Wolfe Research initiated coverage on shares of Thermon Group Holdings in a research report on Tuesday, July 11th. They set a market perform rating for the company. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $24.50.

Thermon Group Holdings (THR) opened at 20.83 on Thursday. The stock’s 50 day moving average is $17.39 and its 200 day moving average is $18.73. Thermon Group Holdings has a one year low of $15.74 and a one year high of $21.52. The firm has a market cap of $674.93 million, a price-to-earnings ratio of 54.96 and a beta of 0.97.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of THR. Wells Fargo & Company MN lifted its position in Thermon Group Holdings by 0.3% during the 1st quarter. Wells Fargo & Company MN now owns 183,407 shares of the technology company’s stock valued at $3,822,000 after acquiring an additional 599 shares during the period. UBS Asset Management Americas Inc. purchased a new position in Thermon Group Holdings during the 1st quarter valued at about $215,000. TD Asset Management Inc. lifted its position in Thermon Group Holdings by 42.8% during the 1st quarter. TD Asset Management Inc. now owns 19,700 shares of the technology company’s stock valued at $411,000 after acquiring an additional 5,900 shares during the period. Parametric Portfolio Associates LLC lifted its position in Thermon Group Holdings by 2.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 31,131 shares of the technology company’s stock valued at $649,000 after acquiring an additional 867 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Thermon Group Holdings during the 1st quarter valued at about $109,000.

About Thermon Group Holdings

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