NYSE:THRThermon Group Stock Price, Forecast & News

Thermon Group's stock was trading at $14.28 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, THR stock has increased by 9.1% and is now trading at $15.58. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Thermon Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Thermon Group.

Thermon Group is scheduled to release its next quarterly earnings announcement on Thursday, June 4th 2020. View our earnings forecast for Thermon Group.

Thermon Group Holdings Inc (NYSE:THR) released its quarterly earnings results on Tuesday, November, 5th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.19 by $0.10. The technology company earned $102.90 million during the quarter, compared to analysts' expectations of $92.24 million. Thermon Group had a net margin of 5.29% and a return on equity of 8.78%. The company's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. View Thermon Group's earnings history.

3 brokers have issued 1-year target prices for Thermon Group's shares. Their forecasts range from $19.00 to $25.00. On average, they expect Thermon Group's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 41.2% from the stock's current price. View analysts' price targets for Thermon Group.

Media coverage about THR stock has trended extremely negative recently, InfoTrie reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Thermon Group earned a coverage optimism score of -4.5 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutThermon Group.

Thermon Group saw a increase in short interest in May. As of May 15th, there was short interest totaling 267,300 shares, an increase of 33.3% from the April 30th total of 200,500 shares. Based on an average daily trading volume, of 191,300 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.8% of the company's stock are short sold. View Thermon Group's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Thermon Group investors own include Dominion Energy (D), Exxon Mobil (XOM), General Mills (GIS), Huntington Bancshares (HBAN), IBM (IBM), Putnam Premier Income Trust (PPT), Uniqure (QURE), Ring Energy (REI), Ring Energy (REI) and Royal Bank of Canada (RY).

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

Thermon Group's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.54%), Wellington Management Group LLP (8.85%), Eagle Asset Management Inc. (6.09%), Janus Henderson Group PLC (5.87%), Deutsche Bank AG (2.13%) and State Street Corp (2.05%). Company insiders that own Thermon Group stock include Der Salm Johannes Rene Van, James Pribble, Jay Peterson, John T Nesser III, John U Clarke, Kevin J Mcginty and Roger L Fix. View institutional ownership trends for Thermon Group.

THR stock was sold by a variety of institutional investors in the last quarter, including Fenimore Asset Management Inc., Victory Capital Management Inc., Victory Capital Management Inc., Nuveen Asset Management LLC, State Street Corp, UBS Group AG, State Board of Administration of Florida Retirement System, and Healthcare of Ontario Pension Plan Trust Fund. View insider buying and selling activity for Thermon Group.

THR stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Janus Henderson Group PLC, BlackRock Inc., BNP Paribas Arbitrage SA, Eagle Asset Management Inc., Federated Hermes Inc., Wellington Management Group LLP, and Engineers Gate Manager LP. Company insiders that have bought Thermon Group stock in the last two years include James Pribble, Jay Peterson, John T Nesser III, John U Clarke, Kevin J Mcginty, and Roger L Fix. View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of THR stock can currently be purchased for approximately $15.58.

Thermon Group has a market capitalization of $512.27 million and generates $412.64 million in revenue each year. The technology company earns $22.76 million in net income (profit) each year or $1.19 on an earnings per share basis. Thermon Group employs 1,465 workers across the globe.

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

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]