Thermon Group Holdings, Inc. (NYSE:THR) had its price target lifted by equities research analysts at BMO Capital Markets from $21.00 to $24.00 in a note issued to investors on Thursday. The brokerage presently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price objective points to a potential upside of 15.94% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. ValuEngine raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BidaskClub cut Thermon Group Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Wolfe Research started coverage on Thermon Group Holdings in a research report on Tuesday, July 11th. They issued a “market perform” rating for the company. 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’s stock. Thermon Group Holdings has a consensus rating of “Hold” and a consensus price target of $23.00.

Shares of Thermon Group Holdings (THR) traded up 0.58% on Thursday, hitting $20.82. The company had a trading volume of 108,359 shares. The firm has a market capitalization of $674.61 million, a P/E ratio of 54.93 and a beta of 0.97. Thermon Group Holdings has a 12-month low of $15.74 and a 12-month high of $21.52. The firm has a 50 day moving average of $17.15 and a 200-day moving average of $18.71.

Thermon Group Holdings (NYSE:THR) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.01 EPS for the quarter, missing the 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 company had revenue of $51.70 million for the quarter, compared to analyst estimates of $58.35 million. During the same period last year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was down 18.5% on a year-over-year basis. On average, equities analysts predict that Thermon Group Holdings will post $0.43 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC bought a new position in Thermon Group Holdings during the 2nd quarter worth $49,144,000. American Century Companies Inc. bought a new position in Thermon Group Holdings during the 2nd quarter worth $6,681,000. Northern Trust Corp increased its stake in Thermon Group Holdings by 43.5% during the 2nd quarter. Northern Trust Corp now owns 559,499 shares of the technology company’s stock worth $10,725,000 after acquiring an additional 169,600 shares during the period. Dimensional Fund Advisors LP increased its stake in Thermon Group Holdings by 10.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,517,164 shares of the technology company’s stock worth $29,083,000 after acquiring an additional 142,933 shares during the period. Finally, Rutabaga Capital Management LLC MA increased its stake in Thermon Group Holdings by 38.6% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 507,816 shares of the technology company’s stock worth $10,583,000 after acquiring an additional 141,302 shares during the period.

Thermon Group Holdings Company Profile

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