Thermon Group (NYSE:THR) Now Covered by Analysts at CJS Securities

Research analysts at CJS Securities initiated coverage on shares of Thermon Group (NYSE:THR - Get Free Report) in a research note issued on Monday, MarketBeat.com reports. The firm set an "outperform" rating and a $42.00 price target on the technology company's stock. CJS Securities' price target indicates a potential upside of 29.51% from the company's current price.

Other analysts have also recently issued reports about the stock. Roth Mkm began coverage on shares of Thermon Group in a research note on Wednesday, March 6th. They set a "buy" rating and a $36.00 price objective for the company. StockNews.com downgraded Thermon Group from a "buy" rating to a "hold" rating in a report on Friday.

Thermon Group Price Performance

Shares of Thermon Group stock traded up $0.60 during trading hours on Monday, reaching $32.43. 149,841 shares of the company's stock were exchanged, compared to its average volume of 262,519. Thermon Group has a 1 year low of $20.56 and a 1 year high of $34.07. The company has a quick ratio of 1.53, a current ratio of 2.22 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1.09 billion, a P/E ratio of 22.66 and a beta of 1.18. The business has a fifty day moving average of $29.98 and a two-hundred day moving average of $30.05.

Thermon Group (NYSE:THR - Get Free Report) last released its earnings results on Thursday, February 1st. The technology company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.09. The firm had revenue of $136.43 million for the quarter, compared to analyst estimates of $128.22 million. Thermon Group had a net margin of 10.05% and a return on equity of 14.60%. As a group, research analysts predict that Thermon Group will post 1.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Thermon Group

In other news, Director Roger L. Fix bought 1,555 shares of the business's stock in a transaction on Tuesday, February 6th. The stock was purchased at an average price of $25.70 per share, with a total value of $39,963.50. Following the transaction, the director now directly owns 28,273 shares in the company, valued at $726,616.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company's stock.

Institutional Trading of Thermon Group

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Thermon Group during the 3rd quarter valued at $385,000. Brown Advisory Inc. raised its holdings in shares of Thermon Group by 3.1% in the third quarter. Brown Advisory Inc. now owns 976,501 shares of the technology company's stock valued at $26,824,000 after buying an additional 28,946 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in Thermon Group during the 3rd quarter worth about $248,000. Teacher Retirement System of Texas grew its holdings in Thermon Group by 21.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 51,212 shares of the technology company's stock worth $1,407,000 after acquiring an additional 9,187 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Thermon Group by 46.5% in the 3rd quarter. Principal Financial Group Inc. now owns 12,068 shares of the technology company's stock valued at $332,000 after acquiring an additional 3,829 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It provides heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.