Thermon Group (NYSE:THR) Raised to Strong-Buy at Wall Street Zen

Thermon Group (NYSE:THR - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

Thermon Group Trading Down 4.8%

Thermon Group stock traded down $1.30 during trading on Friday, reaching $25.83. 138,159 shares of the company were exchanged, compared to its average volume of 169,771. Thermon Group has a 52-week low of $23.05 and a 52-week high of $35.84. The company has a market capitalization of $870.04 million, a P/E ratio of 18.99 and a beta of 1.07. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. The stock's 50 day simple moving average is $27.16 and its two-hundred day simple moving average is $28.74.

Thermon Group (NYSE:THR - Get Free Report) last released its earnings results on Thursday, May 22nd. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.50 by $0.06. The firm had revenue of $134.08 million during the quarter, compared to analysts' expectations of $133.65 million. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. Thermon Group's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. On average, equities research analysts expect that Thermon Group will post 1.88 earnings per share for the current fiscal year.

Institutional Trading of Thermon Group

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Thermon Group by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company's stock valued at $97,338,000 after purchasing an additional 16,112 shares during the period. Dimensional Fund Advisors LP raised its stake in Thermon Group by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company's stock valued at $50,574,000 after acquiring an additional 44,137 shares during the last quarter. William Blair Investment Management LLC raised its stake in Thermon Group by 0.8% during the 4th quarter. William Blair Investment Management LLC now owns 857,633 shares of the technology company's stock valued at $24,674,000 after acquiring an additional 6,821 shares during the last quarter. Needham Investment Management LLC raised its stake in Thermon Group by 0.8% during the 4th quarter. Needham Investment Management LLC now owns 655,000 shares of the technology company's stock valued at $18,844,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Swedbank AB raised its stake in Thermon Group by 1.0% during the 4th quarter. Swedbank AB now owns 621,000 shares of the technology company's stock valued at $17,866,000 after acquiring an additional 6,000 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

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 offers 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.