Free Trial
NYSE:THR

Thermon Group (THR) Stock Price, News & Analysis

Thermon Group logo
$28.71 -0.38 (-1.31%)
(As of 12/20/2024 05:31 PM ET)

About Thermon Group Stock (NYSE:THR)

Key Stats

Today's Range
$28.49
$29.54
50-Day Range
$26.21
$32.37
52-Week Range
$23.76
$35.93
Volume
310,524 shs
Average Volume
195,956 shs
Market Capitalization
$967.10 million
P/E Ratio
22.43
Dividend Yield
N/A
Price Target
$40.00
Consensus Rating
Buy

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.

Thermon Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
88th Percentile Overall Score

THR MarketRank™: 

Thermon Group scored higher than 88% of companies evaluated by MarketBeat, and ranked 104th out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Thermon Group's stock forecast and price target.
  • 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 22.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.04.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Thermon Group is 22.43, 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 245.61.

  • 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.

  • Percentage of Shares Shorted

    0.99% 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 2, 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 27.98%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Thermon Group does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    0.99% 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 2, 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 27.98%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Thermon Group has a news sentiment score of 0.87. 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 higher news sentiment than the 0.66 average news sentiment score of Computer and Technology companies.
  • MarketBeat Follows

    3 people have added Thermon Group to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Thermon Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $914,016.00 in 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.

  • Read more about Thermon Group's insider trading history.
Receive THR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Thermon Group and its competitors with MarketBeat's FREE daily newsletter.

THR Stock News Headlines

Could This Tiny Device Help You Make an Extra $30k a Year?
I believe it’s going to power Elon Musk’s next AI revolution… A revolution he believes will be worth more than $9 trillion. That’s nearly 10 times more money than the market caps of Tesla… SpaceX… PayPal… Neuralink… and X… COMBINED.
See More Headlines

THR Stock Analysis - Frequently Asked Questions

Thermon Group's stock was trading at $32.57 on January 1st, 2024. Since then, THR shares have decreased by 11.9% and is now trading at $28.71.
View the best growth stocks for 2024 here
.

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

Thermon Group's top institutional shareholders 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, David Buntin, John T Nesser III, Mark John Roberts, Kevin J Mcginty, Roger L Fix, Kuahara Roberto, Candace Harris-Peterson, Nicole Galloway Warland and Mark McGeough.
View institutional ownership trends
.

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.

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
12/20/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Electrical industrial apparatus
Sub-Industry
Electrical Components & Equipment
CUSIP
88362T10
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
+39.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$51.59 million
Pretax Margin
11.75%

Debt

Sales & Book Value

Annual Sales
$493.86 million
Cash Flow
$2.16 per share
Book Value
$14.09 per share

Miscellaneous

Free Float
32,877,000
Market Cap
$967.10 million
Optionable
Optionable
Beta
1.10

Social Links

5G Stocks: The Path Forward is Profitable Cover

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

This page (NYSE:THR) was last updated on 12/21/2024 by MarketBeat.com Staff
From Our Partners