Thermon Group (NYSE:THR) Price Target Increased to $38.00 by Analysts at Roth Mkm

Thermon Group (NYSE:THRFree Report) had its price target increased by Roth Mkm from $36.00 to $38.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on the stock. StockNews.com raised shares of Thermon Group from a hold rating to a buy rating in a research note on Saturday, May 4th. CJS Securities began coverage on shares of Thermon Group in a research note on Monday, April 29th. They issued an outperform rating and a $42.00 price objective on the stock.

View Our Latest Stock Report on THR

Thermon Group Stock Performance

Shares of THR opened at $34.87 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.22. The stock has a market capitalization of $1.18 billion, a P/E ratio of 24.22 and a beta of 1.17. The company’s fifty day moving average is $32.71 and its two-hundred day moving average is $31.01. Thermon Group has a 1 year low of $22.44 and a 1 year high of $35.93.

Institutional Investors Weigh In On Thermon Group

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Thermon Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,363,315 shares of the technology company’s stock worth $109,543,000 after purchasing an additional 21,971 shares in the last quarter. FMR LLC boosted its position in shares of Thermon Group by 99.0% during the 3rd quarter. FMR LLC now owns 1,841,520 shares of the technology company’s stock worth $50,587,000 after purchasing an additional 916,248 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Thermon Group by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,775,583 shares of the technology company’s stock worth $57,833,000 after buying an additional 4,599 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Thermon Group by 44.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,724,846 shares of the technology company’s stock worth $47,382,000 after buying an additional 533,474 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of Thermon Group by 22.2% in the 1st quarter. William Blair Investment Management LLC now owns 901,244 shares of the technology company’s stock worth $29,489,000 after buying an additional 163,640 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Company Profile

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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.

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