Institutional Investors Love Thermon Group Holdings Inc (NYSE:THR)

Sentiment for Thermon Group Holdings Inc (NYSE:THR)

Thermon Group Holdings Inc (NYSE:THR) institutional sentiment increased to 1.1 in Q2 2018. Its up 0.15, from 0.95 in 2018Q1. The ratio increased, as 43 hedge funds opened new and increased stock positions, while 39 sold and decreased their stakes in Thermon Group Holdings Inc. The hedge funds in our partner’s database reported: 31.61 million shares, down from 32.04 million shares in 2018Q1. Also, the number of hedge funds holding Thermon Group Holdings Inc in their top 10 stock positions decreased from 1 to 0 for a decrease of 1. Sold All: 5 Reduced: 34 Increased: 32 New Position: 11.

Thermon Group Holdings, Inc. provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. The company has market cap of $723.29 million. The Company’s products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It has a 56.9 P/E ratio. The firm offers self-regulating and power limiting heating cables, which automatically increase or decrease heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated cables for generating high temperatures used in harsh environments; skin effect trace heaters, which could heat lines up to 15 miles long from a single power point; and heat traced tube bundles for environmental gas sampling systems.

The stock increased 2.64% or $0.57 during the last trading session, reaching $22.19. About 183,081 shares traded or 92.45% up from the average. Thermon Group Holdings, Inc. (NYSE:THR) has risen 51.64% since December 7, 2017 and is uptrending. It has outperformed by 36.02% the S&P500.

Analysts await Thermon Group Holdings, Inc. (NYSE:THR) to report earnings on February, 14. They expect $0.38 earnings per share, up 58.33 % or $0.14 from last year’s $0.24 per share. THR’s profit will be $12.39M for 14.60 P/E if the $0.38 EPS becomes a reality. After $0.22 actual earnings per share reported by Thermon Group Holdings, Inc. for the previous quarter, Wall Street now forecasts 72.73 % EPS growth.

Rutabaga Capital Management Llc Ma holds 3.55% of its portfolio in Thermon Group Holdings, Inc. for 717,299 shares. Van Berkom & Associates Inc. owns 2.53 million shares or 1.68% of their US portfolio. Moreover, Kempen Capital Management N.V. has 0.84% invested in the company for 494,233 shares. The New York-based Fenimore Asset Management Inc has invested 0.47% in the stock. Snyder Capital Management L P, a California-based fund reported 429,532 shares.

Thermon Group Holdings, Inc. (NYSE:THR) Ratings Coverage

Ratings analysis reveals 100% of Thermon Group Holdings’s analysts are positive. Out of 2 Wall Street analysts rating Thermon Group Holdings, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $28 while the high is $31. The stock’s average target of $28.50 is 28.44% above today’s ($22.19) share price. THR was included in 3 notes of analysts from August 2, 2018. The firm earned “Outperform” rating on Thursday, August 2 by BMO Capital Markets. On Friday, November 2 the stock rating was maintained by BMO Capital Markets with “Outperform”. On Thursday, November 1 the stock rating was upgraded by SunTrust to “Buy”.

More notable recent Thermon Group Holdings, Inc. (NYSE:THR) news were published by: Globenewswire.com which released: “Oxurion NV Announces New NYSE Euronext Brussels Stock Ticker “OXUR” and Launch of New Websit – GlobeNewswire” on September 10, 2018, also Seekingalpha.com with their article: “THR: Disney issues layoffs in products/interactive unit – Seeking Alpha” published on September 14, 2018, Globenewswire.com published: “Detailed Research: Economic Perspectives on Whirlpool, GrafTech International, Thermon Group, White Mountains Insurance Group, Air Industries Group, and Heat Biologics — What Drives Growth in Today’s Competitive Landscape – GlobeNewswire” on November 23, 2018. More interesting news about Thermon Group Holdings, Inc. (NYSE:THR) were released by: Seekingalpha.com and their article: “Thermon Group Holdings, Inc. (THR) CEO Bruce Thames on Q2 2019 Results – Earnings Call Transcript – Seeking Alpha” published on October 31, 2018 as well as Globenewswire.com‘s news article titled: “Thermon Appoints Linda Dalgetty to Its Board of Directors – GlobeNewswire” with publication date: March 22, 2018.

Thermon Group Holdings, Inc. (NYSE:THR) Institutional Positions Chart

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