TheStreet downgraded shares of Thermon Group (NYSE:THR) from a b- rating to a c rating in a research report report published on Friday.

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.

Thermon Group (NYSE:THR) last announced its earnings results on Thursday, February 8th. The technology company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Thermon Group had a net margin of 3.33% and a return on equity of 5.16%. The business had revenue of $92.70 million during the quarter, compared to analysts’ expectations of $80.42 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The firm’s revenue was up 44.2% on a year-over-year basis. analysts forecast that Thermon Group will post 0.62 EPS for the current fiscal year.

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.

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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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