Thermon Group (NYSE:THR) Upgraded 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 issued on Saturday.

Thermon Group Stock Up 0.9%

Shares of Thermon Group stock traded up $0.22 on Friday, reaching $25.98. 12,704 shares of the company were exchanged, compared to its average volume of 182,745. Thermon Group has a 1-year low of $23.05 and a 1-year high of $35.42. The company has a market cap of $875.27 million, a P/E ratio of 19.10 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 moving average price is $27.09 and its 200-day moving average price is $28.72.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The technology company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.06. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. The company had revenue of $134.08 million during the quarter, compared to analysts' expectations of $133.65 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts forecast that Thermon Group will post 1.88 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Quarry LP increased its position in shares of Thermon Group by 314.1% in the fourth quarter. Quarry LP now owns 853 shares of the technology company's stock valued at $25,000 after buying an additional 647 shares in the last quarter. Assetmark Inc. purchased a new position in shares of Thermon Group in the fourth quarter valued at $26,000. CWM LLC increased its position in shares of Thermon Group by 68.9% in the first quarter. CWM LLC now owns 922 shares of the technology company's stock valued at $26,000 after buying an additional 376 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Thermon Group by 3,912.0% in the first quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company's stock valued at $28,000 after buying an additional 978 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of Thermon Group in the fourth quarter valued at $47,000. Hedge funds and other institutional investors 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 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.