Thermon Group (THR) Lowered to C at TheStreet
THR has been the topic of a number of other research reports. William Blair raised Thermon Group from a market perform rating to an outperform rating in a research note on Wednesday, November 29th. Zacks Investment Research lowered Thermon Group from a buy rating to a hold rating in a research note on Tuesday, December 26th. BMO Capital Markets upped their target price on Thermon Group from $24.00 to $25.00 and gave the company an outperform rating in a research note on Tuesday, October 24th. Finally, SunTrust Banks reaffirmed a hold rating and issued a $20.00 target price on shares of Thermon Group in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $25.75.
Shares of Thermon Group (NYSE THR) opened at $22.12 on Friday. Thermon Group has a 52 week low of $15.74 and a 52 week high of $26.50. The company has a quick ratio of 3.04, a current ratio of 4.27 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $722.66, a P/E ratio of 79.00 and a beta of 0.96.
Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Thermon Group during the 3rd quarter worth $144,000. Quadrature Capital Ltd purchased a new position in shares of Thermon Group during the 4th quarter worth $210,000. Aperio Group LLC purchased a new position in shares of Thermon Group during the 4th quarter worth $230,000. Nisa Investment Advisors LLC lifted its stake in shares of Thermon Group by 87.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,480 shares of the technology company’s stock worth $248,000 after purchasing an additional 4,900 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Thermon Group by 37.1% during the 3rd quarter. Victory Capital Management Inc. now owns 10,840 shares of the technology company’s stock worth $195,000 after purchasing an additional 2,936 shares during the period.
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About Thermon Group
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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