Thermon Group (NYSE:THR) Lifted to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Thermon Group (NYSE:THR – Get Rating) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.

THR has been the topic of a number of other research reports. TheStreet raised shares of Thermon Group from a c rating to a b rating in a research note on Friday, February 4th. Zacks Investment Research downgraded shares of Thermon Group from a buy rating to a hold rating in a research note on Wednesday, April 6th.

THR stock opened at $15.69 on Friday. Thermon Group has a one year low of $15.31 and a one year high of $20.35. The stock has a fifty day moving average of $17.23. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.11 and a quick ratio of 2.18. The stock has a market capitalization of $523.26 million, a P/E ratio of 44.83 and a beta of 1.39.

Thermon Group (NYSE:THR – Get Rating) last released its quarterly earnings results on Thursday, February 3rd. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The company had revenue of $100.61 million for the quarter, compared to the consensus estimate of $96.75 million. Thermon Group had a net margin of 3.63% and a return on equity of 5.14%. During the same quarter in the prior year, the firm earned $0.30 earnings per share. As a group, equities analysts expect that Thermon Group will post 0.81 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in THR. Optimum Investment Advisors purchased a new stake in shares of Thermon Group in the third quarter valued at $35,000. Lindbrook Capital LLC purchased a new stake in shares of Thermon Group in the fourth quarter valued at $63,000. Royal Bank of Canada raised its stake in shares of Thermon Group by 69.3% in the third quarter. Royal Bank of Canada now owns 4,116 shares of the technology company’s stock valued at $72,000 after acquiring an additional 1,685 shares during the period. Marshall Wace LLP purchased a new stake in shares of Thermon Group in the fourth quarter valued at $109,000. Finally, Metropolitan Life Insurance Co NY grew its holdings in shares of Thermon Group by 43.2% in the third quarter. Metropolitan Life Insurance Co NY now owns 8,735 shares of the technology company’s stock worth $151,000 after purchasing an additional 2,634 shares during the last quarter. 93.19% of the stock is currently owned by institutional investors and hedge funds.

About Thermon Group (Get Rating)

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries worldwide. Its products include electric heating products, such as air heaters and heating accessories, boilers and calorifiers, controlling and monitoring solutions, heat tracing systems, tank heating systems, thermostats, and system accessories, as well as band, strip, tubular, immersion, and process heaters; and gas heating products, including enclosure and explosion proof gas catalytic heaters, gas fired blowers, and has heating accessories that comprise regulators, valves, mounting brackets, and battery cables.

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