Thermon Group (NYSE:THR) Now Covered by CJS Securities

CJS Securities started coverage on shares of Thermon Group (NYSE:THR) in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm set an “outperform” rating and a $42.00 price target on the technology company’s stock. CJS Securities’ target price would indicate a potential upside of 31.46% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Thermon Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Roth Mkm started coverage on Thermon Group in a research note on Wednesday, March 6th. They set a “buy” rating and a $36.00 price objective on the stock.

Thermon Group Stock Down 1.5 %

THR opened at $31.95 on Monday. The company has a quick ratio of 1.53, a current ratio of 2.22 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $30.08 and its 200 day simple moving average is $30.08. Thermon Group has a 52 week low of $20.56 and a 52 week high of $34.07. The stock has a market cap of $1.08 billion, a PE ratio of 22.19 and a beta of 1.18.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.50 by $0.09. The firm had revenue of $136.43 million for the quarter, compared to analyst estimates of $128.22 million. Thermon Group had a return on equity of 14.60% and a net margin of 10.05%. As a group, research analysts expect that Thermon Group will post 1.8 earnings per share for the current fiscal year.

Insider Transactions at Thermon Group

In other news, Director Roger L. Fix purchased 1,555 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average cost of $25.70 per share, for a total transaction of $39,963.50. Following the acquisition, the director now directly owns 28,273 shares of the company’s stock, valued at approximately $726,616.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Thermon Group

Several large investors have recently modified their holdings of the business. AJOVista LLC purchased a new stake in Thermon Group in the 4th quarter worth approximately $85,000. Quest Partners LLC bought a new stake in Thermon Group in the fourth quarter valued at $167,000. QRG Capital Management Inc. purchased a new position in Thermon Group during the 4th quarter valued at $238,000. Hennion & Walsh Asset Management Inc. bought a new position in Thermon Group in the 3rd quarter worth $248,000. Finally, Premier Fund Managers Ltd bought a new position in Thermon Group in the third quarter worth about $254,000. 99.76% of the stock is owned by institutional investors.

About Thermon Group

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 provides 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.