Thermon Group (THR) – Investment Analysts’ Weekly Ratings Updates

Thermon Group (NYSE: THR) has recently received a number of price target changes and ratings updates:

  • 8/7/2018 – Thermon Group had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $26.00 price target on the stock.
  • 8/7/2018 – Thermon Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “Thermon Holding Corp. is engaged in providing engineered thermal solutions, known as heat tracing, for process industries, including energy, chemical processing and power generation. Products offered by the Company include heating cables, tubing bundles and control systems while services offered by it includes design optimization, engineering, installation and maintenance services. Its products provide an external heat source to pipes, vessels and instruments for the purposes of freeze protection, temperature and flow maintenance and environmental monitoring. Thermon Holding Corp. is based in San Marcos, Texas. “
  • 8/2/2018 – Thermon Group had its price target raised by analysts at BMO Capital Markets from $30.00 to $31.00. They now have an “outperform” rating on the stock.
  • 8/1/2018 – Thermon Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Thermon Holding Corp. is engaged in providing engineered thermal solutions, known as heat tracing, for process industries, including energy, chemical processing and power generation. Products offered by the Company include heating cables, tubing bundles and control systems while services offered by it includes design optimization, engineering, installation and maintenance services. Its products provide an external heat source to pipes, vessels and instruments for the purposes of freeze protection, temperature and flow maintenance and environmental monitoring. Thermon Holding Corp. is based in San Marcos, Texas. “

THR stock opened at $25.86 on Friday. Thermon Group Holdings Inc has a 52-week low of $15.74 and a 52-week high of $27.66. The company has a market cap of $848.53 million, a PE ratio of 26.12 and a beta of 1.04. The company has a quick ratio of 2.66, a current ratio of 3.93 and a debt-to-equity ratio of 0.64.

Thermon Group (NYSE:THR) last released its earnings results on Wednesday, August 1st. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.10. Thermon Group had a net margin of 4.19% and a return on equity of 9.55%. The firm had revenue of $88.90 million during the quarter, compared to analyst estimates of $78.65 million. During the same period last year, the business earned $0.08 earnings per share. The business’s revenue was up 71.8% on a year-over-year basis. sell-side analysts predict that Thermon Group Holdings Inc will post 1.06 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in THR. California Public Employees Retirement System increased its position in shares of Thermon Group by 34.7% during the second quarter. California Public Employees Retirement System now owns 74,961 shares of the technology company’s stock valued at $1,714,000 after acquiring an additional 19,306 shares in the last quarter. Millennium Management LLC increased its position in shares of Thermon Group by 540.3% during the second quarter. Millennium Management LLC now owns 278,719 shares of the technology company’s stock valued at $6,374,000 after acquiring an additional 235,188 shares in the last quarter. United Services Automobile Association increased its position in shares of Thermon Group by 17.4% during the second quarter. United Services Automobile Association now owns 563,395 shares of the technology company’s stock valued at $12,885,000 after acquiring an additional 83,650 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Thermon Group by 33.5% during the second quarter. Citadel Advisors LLC now owns 117,923 shares of the technology company’s stock valued at $2,697,000 after acquiring an additional 29,573 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Thermon Group by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,717,147 shares of the technology company’s stock valued at $39,271,000 after acquiring an additional 28,635 shares in the last quarter.

Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.

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