NYSE:THR

Thermon Group Stock Forecast, Price & News

$20.69

+0.46 (+2.27 %)

(As of 03/3/2021 12:00 AM ET)

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Today's Range

$20.08

Now: $20.69▼

$20.97

50-Day Range

$14.59

MA: $17.23▼

$22.16

52-Week Range

$9.98

Now: $20.69▼

$22.61

Volume109,462 shs

Average Volume171,036 shs

Market Capitalization$686.85 million

P/E RatioN/A

Dividend YieldN/A

Beta1.54

Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries worldwide. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, instrument and control products, process heaters, environmental heaters, and related products and services. The company offers self-regulating and power limiting heating cables that automatically regulate heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated cables for highest temperature applications and harsh environments; skin effect trace heating systems; heat traced and insulated tubing bundles for environmental gas sampling systems; heat transfer compounds and steam tubing for steam tracing solutions; tank heating and insulation systems; control and monitoring systems for heat tracing applications; control and power distribution panels, and skid assemblies; and project engineering and management services to heat trace systems for industrial facilities. It also provides automation software that generates installed CAD drawings, bills-of-materials, and specification of large projects; construction and field services for the installation, operation, and maintenance of heat trace systems; explosion-proof gas catalytic heaters, convection heaters designed for rugged industrial applications, electric heaters engineered for industrial processes and environments, gas and liquid filtration systems, and heat transfer systems for rail track and switch equipment; and equipment for temporary electric power distribution and lighting products used in energy infrastructure construction projects and maintenance/turnaround projects. The company offers its solutions to oil and gas, chemical processing, power generation, transportation, mining, and other industrial markets through a network of sales and service professionals, and distributors. The company was founded in 1954 and is headquartered in Austin, Texas.

Headlines

How Much Are Thermon Group Holdings, Inc. (NYSE:THR) Insiders Spending On Buying Shares?
February 22, 2021 | finance.yahoo.com

Recap: Thermon Group Holdings Q3 Earnings
February 4, 2021 | benzinga.com

Thermon Group (THR) Q3 Earnings and Revenues Beat Estimates
February 4, 2021 | finance.yahoo.com

Thermon Group Holdings, Inc.: Thermon Reports Third Quarter Fiscal 2021 Results
February 4, 2021 | finanznachrichten.de

Thermon Reports Third Quarter Fiscal 2021 Results
February 4, 2021 | finance.yahoo.com

Stocks Back in the Green to Start February
February 2, 2021 | nasdaq.com

Time to Exit Thermon Group (THG) Holdings?
February 1, 2021 | finance.yahoo.com

Thermon Schedules Third Quarter Fiscal 2021 Earnings Conference Call – February 4, 2021
January 28, 2021 | finance.yahoo.com

Moving Average Crossover Alert: Thermon Group (THR)
January 7, 2021 | finance.yahoo.com

Here's What To Make Of Thermon Group Holdings' (NYSE:THR) Returns On Capital
December 22, 2020 | finance.yahoo.com

Is THR A Good Stock To Buy Now?
December 13, 2020 | finance.yahoo.com

Should Value Investors Buy Thermon Group (THR) Stock?
December 9, 2020 | finance.yahoo.com

Thermon Announces Senior Management Changes
December 8, 2020 | finance.yahoo.com

THR Dec 2020 10.000 call
November 24, 2020 | uk.finance.yahoo.com

THR Dec 2020 12.500 call
November 23, 2020 | uk.finance.yahoo.com

Thermon Group Holdings, Inc.: Thermon Reports Second Quarter Fiscal 2021 Results
November 5, 2020 | finanznachrichten.de

Thermon Reports Second Quarter Fiscal 2021 Results
November 5, 2020 | finance.yahoo.com

Thermon Schedules Second Quarter Fiscal 2021 Earnings Conference Call – November 5, 2020
October 28, 2020 | finance.yahoo.com

Are Thermon Group Holdings, Inc.'s (NYSE:THR) Mixed Financials The Reason For Its Gloomy Performance on The Stock Market?
October 21, 2020 | finance.yahoo.com

Thermon Group Holdings, Inc.: Thermon Introduces the Genesis Network: Industry-Leading Technology to Manage, Connect and Optimize Heat Trace Systems
September 28, 2020 | finanznachrichten.de

See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electrical industrial apparatus

Sub-IndustryElectrical Components & Equipment

SectorComputer and Technology

Current SymbolNYSE:THR

Previous Symbol

CUSIP88362T10

CIK1489096

Webwww.thermon.com

Phone512-690-0600

Employees1,335

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.47

Current Ratio3.91

Quick Ratio2.64

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio44.02

P/E GrowthN/A

Sales & Book Value

Annual Sales$383.49 million

Price / Sales1.79

Cash Flow$1.99 per share

Price / Cash Flow10.39

Book Value$10.53 per share

Price / Book1.96

Profitability

EPS (Most Recent Fiscal Year)$0.75

Net Income$11.94 million

Net Margins-0.22%

Return on Equity2.87%

Return on Assets1.63%

Miscellaneous

Outstanding Shares33,197,000

Market Cap$686.85 million

Next Earnings Date6/7/2021 (Estimated)

OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.34 out of 5 stars

Computer And Technology Sector

443rd out of 1,528 stocks

Electrical Industrial Apparatus Industry

5th out of 13 stocks

1.5 Analyst's Opinion

Consensus Rating
Thermon Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $18.00, Thermon Group has a forecasted downside of 13.0% from its current price of $20.69.
Amount of Analyst Coverage
Thermon Group has received no research coverage in the past 90 days.

2.5 Community Rank

Outperform Votes
Thermon Group has received 290 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Thermon Group has received 294 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Thermon Group has received 50.34% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Thermon Group and other stocks. Vote “Outperform” if you believe THR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe THR will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Thermon Group does not currently pay a dividend.
Dividend Growth
Thermon Group does not have a long track record of dividend growth.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Thermon Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $14,612.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.60% of the stock of Thermon Group is held by insiders.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Thermon Group are expected to grow by 61.70% in the coming year, from $0.47 to $0.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Thermon Group is -2,066.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Thermon Group is -2,066.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Thermon Group has a P/B Ratio of 1.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

$20.69

+0.46 (+2.27 %)

(As of 03/3/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Thermon Group (NYSE:THR) Frequently Asked Questions

Is Thermon Group a buy right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Thermon Group in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Thermon Group stock.
View analyst ratings for Thermon Group or view top-rated stocks.

What stocks does MarketBeat like better than Thermon Group?

Wall Street analysts have given Thermon Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Thermon Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Thermon Group?

Thermon Group saw a decline in short interest in January. As of January 15th, there was short interest totaling 364,200 shares, a decline of 15.4% from the December 31st total of 430,300 shares. Based on an average trading volume of 158,000 shares, the short-interest ratio is currently 2.3 days. Approximately 1.1% of the shares of the company are sold short.
View Thermon Group's Short Interest.

When is Thermon Group's next earnings date?

Thermon Group is scheduled to release its next quarterly earnings announcement on Monday, June 7th 2021.
View our earnings forecast for Thermon Group.

How were Thermon Group's earnings last quarter?

Thermon Group Holdings, Inc. (NYSE:THR) released its earnings results on Thursday, February, 4th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.22 by $0.08. Thermon Group had a negative net margin of 0.22% and a positive trailing twelve-month return on equity of 2.87%.
View Thermon Group's earnings history.

How has Thermon Group's stock price been impacted by COVID-19?

Thermon Group's stock was trading at $14.28 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, THR stock has increased by 44.9% and is now trading at $20.69.
View which stocks have been most impacted by COVID-19.

What guidance has Thermon Group issued on next quarter's earnings?

Thermon Group issued an update on its fourth quarter 2021 Pre-Market earnings guidance on Thursday, February, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $69-76 million, compared to the consensus revenue estimate of $78.55 million.

What price target have analysts set for THR?

1 Wall Street analysts have issued 12 month price objectives for Thermon Group's shares. Their forecasts range from $18.00 to $18.00. On average, they anticipate Thermon Group's share price to reach $18.00 in the next twelve months. This suggests that the stock has a possible downside of 13.0%.
View analysts' price targets for Thermon Group or view top-rated stocks among Wall Street analysts.

Who are Thermon Group's key executives?

Thermon Group's management team includes the following people:

Mr. Bruce A. Thames, Pres, CEO & Director (Age 58, Pay $887.59k)
Mr. Jay C. Peterson, CFO, Sr. VP of Fin., Assistant Sec. & Assistant Treasurer (Age 64, Pay $422.38k)
Mr. Johannes van der Salm, Sr. VP of Global Operations (Age 57, Pay $409.88k)
Mr. Thomas N. Cerovski, Sr. VP of Global Sales (Age 49, Pay $395.42k)
Mr. Mark John Roberts, Sr. VP of Global Engineering & Project Services (Age 60, Pay $363.1k)
Mr. Ryan Tarkington, Gen. Counsel & Corp. Sec. (Age 40)
Mr. Kevin Fox, VP of Corp. Devel. (Age 37)
Ms. Candace Harris-Peterson, VP of HR (Age 42)
Mr. James A. Pribble II, Sr. VP of Thermon Heating Systems (Age 46)
Mr. David Buntin, Sr. VP of Thermon Heat Tracing (Age 51)

What is Rodney Bingham's approval rating as Thermon Group's CEO?

20 employees have rated Thermon Group CEO Rodney Bingham on Glassdoor.com. Rodney Bingham has an approval rating of 49% among Thermon Group's employees. This puts Rodney Bingham in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Thermon Group's key competitors?

Some companies that are related to Thermon Group include Eaton (ETN), Emerson Electric (EMR), Roper Technologies (ROP), Rockwell Automation (ROK), AMETEK (AME), Enphase Energy (ENPH), Generac (GNRC), II-VI (IIVI), Regal Beloit (RBC), FuelCell Energy (FCEL), Acuity Brands (AYI), Vicor (VICR), EnerSys (ENS), Franklin Electric (FELE) and Brady (BRC).
View all of THR's competitors.

What other stocks do shareholders of Thermon Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Thermon Group investors own include General Mills (GIS), Seabridge Gold (SA), Teekay LNG Partners (TGP), Trevena (TRVN), Ampio Pharmaceuticals (AMPE), Ball (BLL), Chimerix (CMRX), Cinemark (CNK), Canadian Natural Resources (CNQ) and CorMedix (CRMD).

What is Thermon Group's stock symbol?

Thermon Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "THR."

Who are Thermon Group's major shareholders?

Thermon Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (11.43%), Van Berkom & Associates Inc. (9.78%), Kempen Capital Management N.V. (7.08%), BlackRock Inc. (7.05%), Dimensional Fund Advisors LP (4.87%) and Janus Henderson Group PLC (4.41%). Company insiders that own Thermon Group stock include Bruce Thames, Der Salm Johannes Rene Van, James Pribble, John T Nesser III, John U Clarke, Michael W Press and Roger L Fix.
View institutional ownership trends for Thermon Group.

Which major investors are selling Thermon Group stock?

THR stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Renaissance Technologies LLC, Assenagon Asset Management S.A., Rutabaga Capital Management LLC MA, Federated Hermes Inc., Northern Trust Corp, Dimensional Fund Advisors LP, and Wells Fargo & Company MN.
View insider buying and selling activity for Thermon Group or view top insider-selling stocks.

Which major investors are buying Thermon Group stock?

THR stock was acquired by a variety of institutional investors in the last quarter, including Kempen Capital Management N.V., Price T Rowe Associates Inc. MD, JPMorgan Chase & Co., Icon Advisers Inc. Co., BlackRock Inc., Russell Investments Group Ltd., Principal Financial Group Inc., and Truist Financial Corp. Company insiders that have bought Thermon Group stock in the last two years include Bruce Thames, James Pribble, John T Nesser III, John U Clarke, Michael W Press, and Roger L Fix.
View insider buying and selling activity for Thermon Group or or view top insider-buying stocks.

How do I buy shares of Thermon Group?

Shares of THR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Thermon Group's stock price today?

One share of THR stock can currently be purchased for approximately $20.69.

How much money does Thermon Group make?

Thermon Group has a market capitalization of $686.85 million and generates $383.49 million in revenue each year. The technology company earns $11.94 million in net income (profit) each year or $0.75 on an earnings per share basis.

How many employees does Thermon Group have?

Thermon Group employs 1,335 workers across the globe.

What is Thermon Group's official website?

The official website for Thermon Group is www.thermon.com.

Where are Thermon Group's headquarters?

Thermon Group is headquartered at 7171 SOUTHWEST PARKWAY BUILDING 300 SUITE 200, AUSTIN TX, 78735.

How can I contact Thermon Group?

Thermon Group's mailing address is 7171 SOUTHWEST PARKWAY BUILDING 300 SUITE 200, AUSTIN TX, 78735. The technology company can be reached via phone at 512-690-0600 or via email at [email protected]

This page was last updated on 3/4/2021 by MarketBeat.com Staff

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