Thermon Group (THR) Downgraded to C at TheStreet
Several other research analysts have also recently commented on THR. Zacks Investment Research upgraded shares of Thermon Group from a strong sell rating to a hold rating in a report on Thursday, October 19th. SunTrust Banks restated a hold rating and set a $20.00 target price on shares of Thermon Group in a report on Tuesday, October 24th. BMO Capital Markets increased their target price on shares of Thermon Group from $24.00 to $25.00 and gave the stock an outperform rating in a report on Tuesday, October 24th. Finally, William Blair upgraded shares of Thermon Group from a market perform rating to an outperform rating in a report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $25.75.
Thermon Group (NYSE THR) opened at $22.12 on Friday. Thermon Group has a 1-year low of $15.74 and a 1-year high of $26.50. The company has a market cap of $722.66, a price-to-earnings ratio of 79.00 and a beta of 0.96. The company has a current ratio of 4.27, a quick ratio of 3.04 and a debt-to-equity ratio of 0.71.
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in Thermon Group during the third quarter worth $144,000. Quadrature Capital Ltd bought a new stake in Thermon Group during the fourth quarter worth $210,000. Aperio Group LLC bought a new stake in Thermon Group during the fourth quarter worth $230,000. Nisa Investment Advisors LLC raised its position in Thermon Group by 87.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 10,480 shares of the technology company’s stock worth $248,000 after acquiring an additional 4,900 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Thermon Group by 37.1% during the third quarter. Victory Capital Management Inc. now owns 10,840 shares of the technology company’s stock worth $195,000 after acquiring an additional 2,936 shares in the last quarter.
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.
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