Thermon Group (THR) Stock Forecast, Price & News

Thermon Group's stock was trading at $20.08 at the beginning of 2023. Since then, THR shares have increased by 33.0% and is now trading at $26.70.
View the best growth stocks for 2023 here.

Thermon Group saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 247,400 shares, a drop of 23.2% from the August 15th total of 322,000 shares. Based on an average daily trading volume, of 170,300 shares, the short-interest ratio is currently 1.5 days. Approximately 0.8% of the company's stock are short sold.
View Thermon Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our THR earnings forecast.

Thermon Group Holdings, Inc. (NYSE:THR) posted its quarterly earnings data on Thursday, August, 3rd. The technology company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.28 by $0.12. The technology company earned $106.89 million during the quarter, compared to the consensus estimate of $101.17 million. Thermon Group had a trailing twelve-month return on equity of 13.92% and a net margin of 8.42%.

ETFs with the largest weight of Thermon Group (NYSE:THR) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM) and AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).iShares Micro-Cap ETF (IWC).

Thermon Group updated its FY 2024 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $1.69-$1.83 for the period, compared to the consensus estimate of $1.72. The company issued revenue guidance of $462.00 million-$488.00 million, compared to the consensus revenue estimate of $469.82 million.

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

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), Ball (BLL), Chimerix (CMRX), Cinemark (CNK), Canadian Natural Resources (CNQ) and

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

Thermon Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.42%), Dimensional Fund Advisors LP (5.24%), Brown Advisory Inc. (2.81%), William Blair Investment Management LLC (2.29%), State Street Corp (2.12%) and New South Capital Management Inc. (2.05%). Insiders that own company stock include Alastair Clayton, Bruce Thames, Candace Harris-Peterson, Der Salm Johannes Rene Van, John T Nesser III, Kevin Fox, Mark McGeough, Michael (Mick) Billing and Nicole Galloway Warland.
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Shares of THR stock 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.
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One share of THR stock can currently be purchased for approximately $26.70.

Thermon Group (NYSE:THR) has a market capitalization of $899.52 million and generates $440.59 million in revenue each year. The technology company earns $33.67 million in net income (profit) each year or $1.13 on an earnings per share basis.

The company employs 1,405 workers across the globe.

Thermon Group's mailing address is 7171 SOUTHWEST PARKWAY BUILDING 300 SUITE 200, AUSTIN TX, 78735. The official website for the company is www.thermon.com. The technology company can be reached via phone at (512) 690-0600, via email at investor.relations@thermon.com, or via fax at 512-396-3627.