Shares of Thermon Group Holdings, Inc. (NYSE:THR) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $24.50.

THR has been the subject of a number of analyst reports. ValuEngine raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BidaskClub raised Thermon Group Holdings from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Wolfe Research started coverage on Thermon Group Holdings in a report on Tuesday, July 11th. They issued a “market perform” rating for the company. Zacks Investment Research raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, BMO Capital Markets reduced their target price on Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd.

COPYRIGHT VIOLATION NOTICE: “Thermon Group Holdings, Inc. (THR) Receives Average Rating of “Hold” from Brokerages” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.dailypolitical.com/2017/10/19/thermon-group-holdings-inc-thr-receives-average-rating-of-hold-from-brokerages.html.

Thermon Group Holdings (THR) traded up 0.24% during midday trading on Friday, hitting $20.90. The stock had a trading volume of 182,977 shares. The firm’s 50-day moving average price is $18.57 and its 200 day moving average price is $18.77. Thermon Group Holdings has a 12 month low of $15.74 and a 12 month high of $21.52. The company has a market cap of $677.20 million, a P/E ratio of 55.15 and a beta of 0.97.

Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $51.70 million for the quarter, compared to the consensus estimate of $58.35 million. During the same period last year, the business earned $0.08 EPS. The firm’s quarterly revenue was down 18.5% on a year-over-year basis. On average, analysts expect that Thermon Group Holdings will post $0.41 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of THR. UBS Asset Management Americas Inc. bought a new stake in shares of Thermon Group Holdings in the 1st quarter worth $215,000. Parametric Portfolio Associates LLC increased its holdings in shares of Thermon Group Holdings by 2.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 31,131 shares of the technology company’s stock worth $649,000 after purchasing an additional 867 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Thermon Group Holdings in the 1st quarter worth $109,000. Victory Capital Management Inc. increased its holdings in shares of Thermon Group Holdings by 32.5% in the 1st quarter. Victory Capital Management Inc. now owns 6,719 shares of the technology company’s stock worth $140,000 after purchasing an additional 1,647 shares in the last quarter. Finally, American International Group Inc. increased its holdings in shares of Thermon Group Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 19,705 shares of the technology company’s stock worth $411,000 after purchasing an additional 1,313 shares in the last quarter.

About Thermon Group Holdings

Receive News & Ratings for Thermon Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.