BMO Capital Markets set a $19.00 target price on Thermon Group Holdings Inc. (NYSE:THR) in a research note issued to investors on Wednesday morning. The brokerage currently has a a hold rating on the stock.

Several other research firms have also commented on THR. Zacks Investment Research raised shares of Thermon Group Holdings from a hold rating to a buy rating and set a $23.00 price target on the stock in a report on Saturday, May 28th. SunTrust Banks Inc. lowered their price target on shares of Thermon Group Holdings from $19.00 to $18.00 and set a neutral rating on the stock in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $19.75.

Shares of Thermon Group Holdings (NYSE:THR) opened at 17.92 on Wednesday. The company has a market capitalization of $578.05 million, a PE ratio of 27.57 and a beta of 1.14. Thermon Group Holdings has a one year low of $13.97 and a one year high of $22.59. The stock has a 50 day moving average price of $19.29 and a 200 day moving average price of $19.08.

Thermon Group Holdings (NYSE:THR) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by $0.07. Thermon Group Holdings had a net margin of 7.54% and a return on equity of 8.78%. The business earned $63.40 million during the quarter, compared to analysts’ expectations of $64.09 million. During the same period in the previous year, the company posted $0.18 earnings per share. Thermon Group Holdings’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts predict that Thermon Group Holdings will post $0.73 earnings per share for the current year.

Several large investors have recently bought and sold shares of THR. Nisa Investment Advisors LLC raised its stake in Thermon Group Holdings by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the company’s stock valued at $117,000 after buying an additional 500 shares during the last quarter. BlackRock Inc. increased its position in Thermon Group Holdings by 224.0% in the second quarter. BlackRock Inc. now owns 8,518 shares of the company’s stock valued at $164,000 after buying an additional 5,889 shares during the period. Acrospire Investment Management LLC bought a new position in Thermon Group Holdings during the second quarter valued at $165,000. BlackRock Group LTD increased its position in Thermon Group Holdings by 135.2% in the first quarter. BlackRock Group LTD now owns 14,032 shares of the company’s stock valued at $245,000 after buying an additional 8,065 shares during the period. Finally, Numeric Investors LLC bought a new position in Thermon Group Holdings during the second quarter valued at $296,000.

About Thermon Group Holdings

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