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

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.

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

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.

Analyst Recommendations for Thermon Group (NYSE:THR)

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