NYSE:THRThermon Group Stock Price, Forecast & News

$16.84

+0.77 (+4.79 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$16.59

Now: $16.84▼

$17.06

50-Day Range

$12.84

MA: $14.75▼

$17.66

52-Week Range

$12.62

Now: $16.84▼

$27.73

Volume196,001 shs

Average Volume159,166 shs

Market Capitalization$555.05 million

P/E Ratio46.78

Dividend YieldN/A

Beta1.26

Thermon Group Holdings, Inc. provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. The company offers self-regulating and power limiting heating cables, which automatically increase or decrease heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated cables for generating high temperatures used in harsh environments; skin effect trace heaters, which could heat lines up to 15 miles long from a single power point; and heat traced tube bundles for environmental gas sampling systems. It also provides heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers, and instrument sampling systems; hopper heating modules, which are self-contained heaters for use in cement plants and fossil fuel power facilities; and turnkey solutions that provide solutions for heat tracing comprising design, optimization, planning, product supply, engineering services, system integration, installation, commissioning, and maintenance. In addition, the company offers heating, sensing, monitoring, and controlling tools; 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 the oil and gas, chemical processing, and power generation markets through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. is headquartered in San Marcos, Texas.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Thermon Group has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.00, Thermon Group has a potential upside of 30.6% from its current price of $16.84.
Amount of Analyst Coverage
Thermon Group has only been the subject of 1 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
Thermon Group has received 286 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Thermon Group has received 285 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Thermon Group has received 50.09% “outperform” 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.

3.0 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 $207,879.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.40% of the stock of Thermon Group is held by insiders.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Thermon Group are expected to grow by 104.00% in the coming year, from $0.50 to $1.02 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Thermon Group is 46.78, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.84.
Price to Earnings Ratio vs. Sector
The P/E ratio of Thermon Group is 46.78, 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 55.62.
Price to Book Value per Share Ratio
Thermon Group has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.27 out of 5 stars

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

Debt

Debt-to-Equity Ratio0.51

Current Ratio3.59

Quick Ratio2.69

Price-To-Earnings

Trailing P/E Ratio46.78

Forward P/E Ratio33.68

P/E GrowthN/A

Sales & Book Value

Annual Sales$383.49 million

Price / Sales1.45

Cash Flow$1.75 per share

Price / Cash Flow9.62

Book Value$10.70 per share

Price / Book1.57

Profitability

EPS (Most Recent Fiscal Year)$0.75

Net Income$22.76 million

Net Margins3.11%

Return on Equity6.80%

Return on Assets3.73%

Miscellaneous

Employees1,465

Outstanding Shares32,960,000

Market Cap$555.05 million

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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Thermon Group (NYSE:THR) Frequently Asked Questions

How has Thermon Group's stock been impacted by COVID-19 (Coronavirus)?

Thermon Group's stock was trading at $14.28 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, THR shares have increased by 17.9% and is now trading at $16.84. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Thermon Group?

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.

When is Thermon Group's next earnings date?

Thermon Group is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Thermon Group.

How were Thermon Group's earnings last quarter?

Thermon Group Holdings Inc (NYSE:THR) posted its earnings results on Monday, June, 1st. The technology company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.17 by $0.16. The technology company had revenue of $88.37 million for the quarter, compared to the consensus estimate of $74.25 million. Thermon Group had a net margin of 3.11% and a return on equity of 6.80%. View Thermon Group's earnings history.

What price target have analysts set for THR?

3 analysts have issued 12 month price targets for Thermon Group's stock. Their forecasts range from $19.00 to $25.00. On average, they anticipate Thermon Group's stock price to reach $22.00 in the next year. This suggests a possible upside of 30.6% from the stock's current price. View analysts' price targets for Thermon Group.

Has Thermon Group been receiving favorable news coverage?

Press coverage about THR stock has been trending positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Thermon Group earned a news sentiment score of 2.4 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutThermon Group.

Are investors shorting Thermon 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 short-interest ratio is presently 1.4 days. Approximately 0.8% of the company's shares are sold short. View Thermon Group's Current Options Chain.

Who are some of Thermon Group's key competitors?

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), EnerSys (ENS), Brady (BRC), Vicor (VICR), Franklin Electric (FELE) and Belden (BDC). View all 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 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).

Who are Thermon Group's key executives?

Thermon Group's management team includes the following people:

Mr. Bruce A. Thames, Pres, CEO & Director (Age 56)
Mr. Jay C. Peterson, CFO, Sr. VP of Fin., Assistant Sec. & Assistant Treasurer (Age 62)
Mr. Johannes van der Salm, Sr. VP of Global Operations (Age 55)
Mr. Eric C. Reitler, Consultant (Age 51)
Sarah Alexander, Gen. Counsel & Sec.

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 number of retail and institutional investors. Top institutional investors include Van Berkom & Associates Inc. (9.86%), BlackRock Inc. (9.54%), Wellington Management Group LLP (8.85%), Eagle Asset Management Inc. (6.09%), Janus Henderson Group PLC (5.87%) and Deutsche Bank AG (2.13%). 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, 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 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.

Which major investors are buying Thermon Group stock?

THR stock was bought by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., Assenagon Asset Management S.A., Janus Henderson Group PLC, BlackRock Inc., BNP Paribas Arbitrage SA, Eagle Asset Management Inc., Federated Hermes Inc., and Wellington Management Group LLP. 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, Michael W Press, and Roger L Fix. View insider buying and selling activity for Thermon Group.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Thermon Group's stock price today?

One share of THR stock can currently be purchased for approximately $16.84.

How big of a company is Thermon Group?

Thermon Group has a market capitalization of $555.05 million and generates $383.49 million in revenue each year. The technology company earns $22.76 million in net income (profit) each year or $0.75 on an earnings per share basis. Thermon Group employs 1,465 workers across the globe.

What is Thermon Group's official website?

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

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 6/6/2020 by MarketBeat.com Staff