Evercore ISI restated their hold rating on shares of Thermon Group (NYSE:THR) in a report published on Wednesday morning, AnalystRatings.com reports. Evercore ISI currently has a $28.00 price target on the technology company’s stock.

THR has been the subject of several other reports. ValuEngine cut shares of Thermon Group from a buy rating to a hold rating in a research note on Thursday, October 31st. Zacks Investment Research downgraded Thermon Group from a buy rating to a hold rating in a report on Friday, August 16th.

Shares of THR traded up $0.21 during mid-day trading on Wednesday, hitting $26.22. 113,881 shares of the company’s stock were exchanged, compared to its average volume of 94,796. The company has a market cap of $851.85 million, a PE ratio of 22.42 and a beta of 1.45. Thermon Group has a 52 week low of $18.37 and a 52 week high of $27.73. The company has a 50-day simple moving average of $23.79 and a 200 day simple moving average of $24.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.41 and a quick ratio of 2.46.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Tuesday, November 5th. The technology company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. The company had revenue of $102.90 million during the quarter, compared to analysts’ expectations of $92.24 million. Thermon Group had a net margin of 5.81% and a return on equity of 10.91%. The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. On average, analysts anticipate that Thermon Group will post 1.35 earnings per share for the current year.

In related news, SVP James Pribble acquired 1,400 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of $21.35 per share, with a total value of $29,890.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D boosted its holdings in shares of Thermon Group by 111.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 105,500 shares of the technology company’s stock valued at $2,424,000 after buying an additional 55,500 shares during the last quarter. Marshall Wace LLP lifted its holdings in Thermon Group by 12.0% during the 2nd quarter. Marshall Wace LLP now owns 37,331 shares of the technology company’s stock valued at $958,000 after purchasing an additional 3,996 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Thermon Group by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,933,377 shares of the technology company’s stock valued at $75,241,000 after purchasing an additional 16,006 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Thermon Group by 3.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 192,390 shares of the technology company’s stock valued at $4,935,000 after purchasing an additional 6,989 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its holdings in Thermon Group by 51.6% during the 2nd quarter. Impax Asset Management Group plc now owns 359,712 shares of the technology company’s stock valued at $9,227,000 after purchasing an additional 122,482 shares during the last quarter.

About Thermon Group

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.

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