Thermon Group Holdings, Inc. (NYSE:THR) had its target price trimmed by BMO Capital Markets from $23.00 to $21.00 in a research note released on Thursday. The brokerage currently has an outperform rating on the technology company’s stock.

THR has been the subject of a number of other research reports. Jefferies Group LLC restated a buy rating and set a $22.00 price objective (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Sunday, May 28th. BidaskClub upgraded Thermon Group Holdings from a hold rating to a buy rating in a research report on Thursday, July 6th. ValuEngine lowered Thermon Group Holdings from a hold rating to a sell rating in a research report on Saturday, May 27th. Wolfe Research started coverage on Thermon Group Holdings in a research report on Tuesday, July 11th. They issued a market perform rating for the company. Finally, Zacks Investment Research upgraded Thermon Group Holdings from a sell rating to a hold rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $21.50.

Shares of Thermon Group Holdings (NYSE:THR) traded up 0.86% during trading on Thursday, reaching $17.57. The company had a trading volume of 97,607 shares. The company has a market capitalization of $568.74 million, a P/E ratio of 46.36 and a beta of 0.98. The firm has a 50-day moving average price of $18.57 and a 200-day moving average price of $19.68. Thermon Group Holdings has a 52-week low of $16.50 and a 52-week high of $21.48.

Thermon Group Holdings (NYSE:THR) last issued its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by $0.04. Thermon Group Holdings had a net margin of 4.99% and a return on equity of 3.88%. The business had revenue of $51.70 million for the quarter, compared to analyst estimates of $58.35 million. During the same quarter last year, the business earned $0.08 EPS. Thermon Group Holdings’s revenue for the quarter was down 18.5% compared to the same quarter last year. On average, analysts predict that Thermon Group Holdings will post $0.45 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Van Berkom & Associates Inc. raised its position in shares of Thermon Group Holdings by 9.7% in the first quarter. Van Berkom & Associates Inc. now owns 2,323,241 shares of the technology company’s stock valued at $48,416,000 after buying an additional 205,095 shares during the last quarter. Rutabaga Capital Management LLC MA raised its position in shares of Thermon Group Holdings by 38.6% in the first quarter. Rutabaga Capital Management LLC MA now owns 507,816 shares of the technology company’s stock valued at $10,583,000 after buying an additional 141,302 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Thermon Group Holdings by 5.1% in the first quarter. Vanguard Group Inc. now owns 2,504,522 shares of the technology company’s stock valued at $52,194,000 after buying an additional 122,623 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Thermon Group Holdings by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,391,696 shares of the technology company’s stock valued at $29,003,000 after buying an additional 98,201 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Thermon Group Holdings by 7.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,289,019 shares of the technology company’s stock valued at $24,608,000 after buying an additional 91,390 shares during the last quarter.

About Thermon Group Holdings

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