Thermon Group (THR) Lowered to “C” at TheStreet

Thermon Group (NYSE:THR) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c” rating in a report released on Friday.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Thermon Group from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Friday, January 12th. SunTrust Banks reissued a “hold” rating and set a $20.00 price objective on shares of Thermon Group in a research report on Tuesday, October 24th. BMO Capital Markets increased their price objective on shares of Thermon Group to $31.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, William Blair raised shares of Thermon Group from a “market perform” rating to an “outperform” rating in a research 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 issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.75.

Thermon Group (NYSE:THR) opened at $22.12 on Friday. The stock has a market cap of $722.66, a PE 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 has a 1 year low of $15.74 and a 1 year high of $26.50.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Carillon Tower Advisers Inc. bought a new position in Thermon Group in the 4th quarter valued at about $36,096,000. Quadrature Capital Ltd bought a new position in Thermon Group in the 4th quarter valued at about $210,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Thermon Group in the 4th quarter valued at about $1,377,000. BlackRock Inc. lifted its position in Thermon Group by 2.1% in the 4th quarter. BlackRock Inc. now owns 1,954,964 shares of the technology company’s stock valued at $46,273,000 after acquiring an additional 40,154 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in Thermon Group by 8.0% in the 4th quarter. Eagle Asset Management Inc. now owns 1,769,055 shares of the technology company’s stock valued at $41,684,000 after acquiring an additional 130,383 shares in the last quarter.

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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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