Thermon Group (THR) Stock Price, News & Analysis

Company Overview

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. The company also provides controls, monitoring, and software systems for the control and management of a heat trace system; environmental heating solutions under the Ruffneck, Norsemen, and Catadyne brands; process heating solutions under the Caloritech brand name; filtration solutions under the 3L Filters brand; rail and transit solutions under the Hellfire, Velocity, ArcticSense, and other brand names; and boilers under the Vapor Power, Precision Boilers, and Caloritech brands. In addition, it offers project services; transportation heating products, including track and switch heaters, accessories, control panels, rail heaters, gas blower accessories, and air curtains; transit heaters; and velocity heat products. Further, the company offers temporary power solutions; heating systems, such as engineered electric heat, explosion proof gas catalytic heaters, heaters for harshest environments, methane abatement, and engineered filtration system; electrically, steam, and fluid heated tubing bundles; and pre-insulated tubing and system accessories tubing bundles. It serves chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, energy transition/decarbonization, mining and mineral processing, maritime/shipbuilding, semiconductors, pharmaceutical and biotechnology, food and beverage, data centers, and renewables industries through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.

Key Stats

• Today's Range: $28.84 to $29.79
• 50-Day Range: $26.21 to $30.80
• 52-Week Range: $23.76 to $35.93
• Volume: 161,889 shs
• Average Volume: 188,066 shs
• Market Capitalization: $1.00 billion
• P/E Ratio: 23.21
• Dividend Yield: N/A
• Price Target: $40.00
• Consensus Rating: Buy

Thermon Group Stock Analysis - MarketRank™

Thermon Group scored higher than 82% of companies evaluated by MarketBeat, and ranked 195th out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Thermon Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Thermon Group has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 17.88%

Earnings Growth

Earnings for Thermon Group are expected to grow by 17.88% in the coming year, from $1.79 to $2.11 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Thermon Group is 23.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.06.

Price to Earnings Ratio vs. Sector

The P/E ratio of Thermon Group is 23.21, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 209.54.

Price to Book Value per Share Ratio

Thermon Group has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.33% of the float of Thermon Group has been sold short.

Short Interest Ratio / Days to Cover

Thermon Group has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Thermon Group has recently decreased by 6.71%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Thermon Group does not currently pay a dividend.

Dividend Growth

Thermon Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.33% of the float of Thermon Group has been sold short.

Short Interest Ratio / Days to Cover

Thermon Group has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Thermon Group has recently decreased by 6.71%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.0 / 5
• News Sentiment: -0.24

News Sentiment

Thermon Group has a news sentiment score of -0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Thermon Group this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Thermon Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.40% of the stock of Thermon Group is held by insiders.

Percentage Held by Institutions

99.76% of the stock of Thermon Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

THR Stock Analysis - Frequently Asked Questions

How have THR shares performed this year?

Thermon Group's stock was trading at $32.57 at the beginning of the year. Since then, THR stock has decreased by 8.8% and is now trading at $29.71.
View the best growth stocks for 2024 here.

How were Thermon Group's earnings last quarter?

Thermon Group Holdings, Inc. (NYSE:THR) released its quarterly earnings results on Thursday, November, 7th. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. The business's revenue was down 7.4% on a year-over-year basis.

Who are Thermon Group's major shareholders?

Top institutional investors of Thermon Group include FMR LLC (6.49%), Wellington Management Group LLP (3.93%), Harvey Partners LLC (2.50%) and Geode Capital Management LLC (2.29%). Insiders that own company stock include Bruce Thames, John T Nesser III, Mark John Roberts, Kevin J Mcginty, Roger L Fix, Candace Harris-Peterson, Nicole Galloway Warland and Mark McGeough.
View institutional ownership trends.

How do I buy shares of Thermon Group?

Shares of THR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Thermon Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Thermon Group investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), Chevron (CVX) and McKesson (MCK).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 11/16/2024
• Next Earnings (Estimated): 2/06/2025
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Electrical industrial apparatus
• Sub-Industry: Electrical Components & Equipment
• Current Symbol: NYSE:THR
• CUSIP: 88362T10
• CIK: 1489096
• Web: www.thermon.com
• Phone: (512) 690-0600
• Fax: 512-396-3627
• Employees: 1,416
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $40.00
• High Stock Price Target: $42.00
• Low Stock Price Target: $38.00
• Potential Upside/Downside: +34.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.28
• Trailing P/E Ratio: 23.21
• Forward P/E Ratio: 16.60
• P/E Growth: N/A
• Net Income: $51.59 million
• Net Margins: 8.89%
• Pretax Margin: 11.75%
• Return on Equity: 12.08%
• Return on Assets: 7.46%

Debt

• Debt-to-Equity Ratio: 0.29
• Current Ratio: 2.80
• Quick Ratio: 1.85

Sales & Book Value

• Annual Sales: $493.86 million
• Price / Sales: 2.03
• Cash Flow: $2.39 per share
• Price / Cash Flow: 12.41
• Book Value: $14.56 per share
• Price / Book: 2.04

Miscellaneous

• Outstanding Shares: 33,685,000
• Free Float: 32,877,000
• Market Cap: $1.00 billion
• Optionable: Optionable
• Beta: 1.07