Thermon Group (NYSE:THR) had its price target raised by BMO Capital Markets to $31.00 in a report issued on Friday morning. The brokerage currently has an outperform rating on the technology company’s stock.

A number of other research firms have also weighed in on THR. Zacks Investment Research raised shares of Thermon Group from a hold rating to a buy rating and set a $27.00 price objective for the company in a research report on Friday, January 12th. William Blair raised shares of Thermon Group from a market perform rating to an outperform rating in a research report on Wednesday, November 29th. TheStreet raised shares of Thermon Group from a c rating to a b- rating in a research report on Monday, October 23rd. Finally, SunTrust Banks reissued a hold rating and issued a $20.00 price objective on shares of Thermon Group in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $25.75.

Shares of Thermon Group (THR) opened at $22.26 on Friday. Thermon Group has a fifty-two week low of $15.74 and a fifty-two week high of $26.50. The stock has a market cap of $722.11, a PE ratio of 79.50 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.73 and a quick ratio of 2.95.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. Thermon Group had a net margin of 3.33% and a return on equity of 5.22%. The company had revenue of $92.70 million for the quarter, compared to the consensus estimate of $80.42 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 44.2% compared to the same quarter last year. equities research analysts expect that Thermon Group will post 0.62 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of THR. Schwab Charles Investment Management Inc. raised its position in shares of Thermon Group by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 143,236 shares of the technology company’s stock valued at $2,746,000 after buying an additional 1,419 shares during the last quarter. Legal & General Group Plc raised its position in shares of Thermon Group by 4.1% in the second quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock valued at $155,000 after buying an additional 320 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Thermon Group by 2.5% in the second quarter. Wells Fargo & Company MN now owns 188,017 shares of the technology company’s stock valued at $3,604,000 after buying an additional 4,610 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Thermon Group by 4.7% in the second quarter. Teachers Advisors LLC now owns 63,153 shares of the technology company’s stock valued at $1,211,000 after buying an additional 2,841 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of Thermon Group by 3.0% in the second quarter. TIAA CREF Investment Management LLC now owns 88,145 shares of the technology company’s stock valued at $1,690,000 after buying an additional 2,534 shares during the last quarter.

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Thermon Group Company Profile

Thermon Group Holdings, Inc is a provider of engineered thermal solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States, Canada, Europe and Asia. Its product portfolio includes self-regulating and power limiting heating cables, which change heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated (MI) cable; skin effect trace heater; heat traced tube bundles for environmental gas sampling systems; heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers and instrument sampling systems; turnkey solutions that provide solutions for heat tracing, including design, optimization, installation and ongoing maintenance; products and services, such as heating, sensing, monitoring, controlling and calibration tools, and temporary electric power distribution and lighting products.

Analyst Recommendations for Thermon Group (NYSE:THR)

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