Thermon Group (NYSE:THR) Upgraded at StockNews.com

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

Thermon Group Stock Up 3.9 %

NYSE THR opened at $27.56 on Friday. Thermon Group has a 52 week low of $25.76 and a 52 week high of $35.93. The firm has a market capitalization of $928.32 million, a price-to-earnings ratio of 20.26 and a beta of 1.10. The company has a quick ratio of 1.85, a current ratio of 2.80 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average of $29.40 and a two-hundred day moving average of $29.41.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.77%. On average, analysts predict that Thermon Group will post 1.79 earnings per share for the current year.

Insider Activity at Thermon Group

In other news, SVP David Buntin sold 28,137 shares of Thermon Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $32.15, for a total transaction of $904,604.55. Following the completion of the sale, the senior vice president now owns 57,773 shares of the company’s stock, valued at approximately $1,857,401.95. The trade was a 32.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Assetmark Inc. purchased a new stake in shares of Thermon Group in the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC purchased a new stake in Thermon Group during the fourth quarter worth $47,000. AlphaQuest LLC increased its holdings in shares of Thermon Group by 57,825.0% in the 4th quarter. AlphaQuest LLC now owns 2,317 shares of the technology company’s stock valued at $67,000 after acquiring an additional 2,313 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Thermon Group by 4,731.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company’s stock worth $111,000 after acquiring an additional 3,785 shares in the last quarter. Finally, Congress Asset Management Co. purchased a new stake in shares of Thermon Group during the 4th quarter worth $227,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Company Profile

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 offers 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.