Jefferies Group LLC reaffirmed their buy rating on shares of Thermon Group Holdings, Inc. (NYSE:THR) in a research report released on Friday. The firm currently has a $25.00 target price on the technology company’s stock, up from their prior target price of $21.00.

Several other equities analysts also recently commented on THR. ValuEngine upgraded Thermon Group Holdings from a sell rating to a hold rating in a research report on Thursday, June 29th. BidaskClub upgraded Thermon Group Holdings from a hold rating to a buy rating in a research report on Thursday, July 6th. Wolfe Research started coverage on Thermon Group Holdings in a research report on Tuesday, July 11th. They set a market perform rating for the company. Zacks Investment Research upgraded Thermon Group Holdings from a sell rating to a hold rating in a research report on Thursday, July 27th. Finally, BMO Capital Markets cut their target price on Thermon Group Holdings from $23.00 to $21.00 and set an outperform rating for the company in a research report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $24.50.

Thermon Group Holdings (NYSE THR) opened at 20.93 on Friday. The company has a market capitalization of $678.17 million, a P/E ratio of 55.22 and a beta of 0.97. Thermon Group Holdings has a 52 week low of $15.74 and a 52 week high of $21.52. The company’s 50-day moving average price is $17.53 and its 200-day moving average price is $18.73.

Thermon Group Holdings (NYSE:THR) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 return on equity of 3.88% and a net margin of 4.99%. Thermon Group Holdings’s quarterly revenue was down 18.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 EPS. On average, equities analysts forecast that Thermon Group Holdings will post $0.41 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in Thermon Group Holdings by 32.5% during the 1st quarter. Victory Capital Management Inc. now owns 6,719 shares of the technology company’s stock valued at $140,000 after purchasing an additional 1,647 shares in the last quarter. TD Asset Management Inc. increased its holdings in Thermon Group Holdings by 104.6% during the 2nd quarter. TD Asset Management Inc. now owns 40,300 shares of the technology company’s stock valued at $773,000 after purchasing an additional 20,600 shares in the last quarter. Citadel Advisors LLC increased its holdings in Thermon Group Holdings by 86.6% during the 1st quarter. Citadel Advisors LLC now owns 40,909 shares of the technology company’s stock valued at $853,000 after purchasing an additional 18,989 shares in the last quarter. Kempen Capital Management N.V. acquired a new stake in Thermon Group Holdings during the 2nd quarter valued at $2,542,000. Finally, American Century Companies Inc. acquired a new stake in Thermon Group Holdings during the 2nd quarter valued at $6,681,000.

About Thermon Group Holdings

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