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NYSE:THR

Thermon Group (THR) Stock Price, News & Analysis

$28.42
+0.04 (+0.14%)
(As of 10/9/2024 ET)

About Thermon Group Stock (NYSE:THR)

Key Stats

Today's Range
$28.17
$29.02
50-Day Range
$27.31
$31.43
52-Week Range
$23.76
$35.93
Volume
56,511 shs
Average Volume
196,661 shs
Market Capitalization
$960.60 million
P/E Ratio
18.95
Dividend Yield
N/A
Price Target
$40.00
Consensus Rating
Buy

Company Overview

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. The company also provides controls, monitoring, and software systems for the control and management of a heat trace system; environmental heating solutions under the Ruffneck, Norsemen, and Catadyne brands; process heating solutions under the Caloritech brand name; filtration solutions under the 3L Filters brand; rail and transit solutions under the Hellfire, Velocity, ArcticSense, and other brand names; and boilers under the Vapor Power, Precision Boilers, and Caloritech brands. In addition, it offers project services; transportation heating products, including track and switch heaters, accessories, control panels, rail heaters, gas blower accessories, and air curtains; transit heaters; and velocity heat products. Further, the company offers temporary power solutions; heating systems, such as engineered electric heat, explosion proof gas catalytic heaters, heaters for harshest environments, methane abatement, and engineered filtration system; electrically, steam, and fluid heated tubing bundles; and pre-insulated tubing and system accessories tubing bundles. It serves chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, energy transition/decarbonization, mining and mineral processing, maritime/shipbuilding, semiconductors, pharmaceutical and biotechnology, food and beverage, data centers, and renewables industries through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.

Thermon Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
72nd Percentile Overall Score

THR MarketRank™: 

Thermon Group scored higher than 72% of companies evaluated by MarketBeat, and ranked 260th out of 668 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Thermon Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Thermon Group has received no research coverage in the past 90 days.

  • Read more about Thermon Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Thermon Group are expected to grow by 13.64% in the coming year, from $1.98 to $2.25 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Thermon Group is 18.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.18.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Thermon Group is 18.95, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 260.44.

  • Price to Book Value per Share Ratio

    Thermon Group has a P/B Ratio of 2.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Thermon Group's valuation and earnings.
  • Percentage of Shares Shorted

    1.39% of the float of Thermon Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Thermon Group has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Thermon Group has recently increased by 2.17%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Thermon Group does not currently pay a dividend.

  • Dividend Growth

    Thermon Group does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.39% of the float of Thermon Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Thermon Group has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Thermon Group has recently increased by 2.17%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Thermon Group has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Thermon Group this week, compared to 2 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Thermon Group insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 2.40% of the stock of Thermon Group is held by insiders.

  • Percentage Held by Institutions

    99.76% of the stock of Thermon Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Thermon Group's insider trading history.
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THR Stock News Headlines

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THR Stock Analysis - Frequently Asked Questions

Thermon Group's stock was trading at $32.57 at the beginning of 2024. Since then, THR stock has decreased by 12.7% and is now trading at $28.42.
View the best growth stocks for 2024 here
.

Thermon Group Holdings, Inc. (NYSE:THR) released its quarterly earnings data on Wednesday, August, 7th. The technology company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.07. The company's revenue was up 7.7% compared to the same quarter last year.

Thermon Group's top institutional shareholders include SG Americas Securities LLC (0.02%). Insiders that own company stock include Bruce Thames, John T Nesser III, Mark John Roberts, Kevin Fox, Kevin J Mcginty, Roger L Fix, Candace Harris-Peterson, Nicole Galloway Warland and Mark McGeough.
View institutional ownership trends
.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that Thermon Group investors own include General Mills (GIS), Seabridge Gold (SA), Teekay LNG Partners (TGP), Trevena (TRVN), Ball (BLL) and Chimerix (CMRX).

Company Calendar

Last Earnings
8/07/2024
Today
10/09/2024
Next Earnings (Estimated)
11/07/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Electrical industrial apparatus
Sub-Industry
Electrical Components & Equipment
CUSIP
88362T10
Employees
1,416
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.00
High Stock Price Target
$42.00
Low Stock Price Target
$38.00
Potential Upside/Downside
+40.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$51.59 million
Pretax Margin
12.83%

Debt

Sales & Book Value

Annual Sales
$494.63 million
Cash Flow
$2.40 per share
Book Value
$14.09 per share

Miscellaneous

Free Float
33,058,000
Market Cap
$961.27 million
Optionable
Optionable
Beta
1.05
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This page (NYSE:THR) was last updated on 10/10/2024 by MarketBeat.com Staff
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