Lowers Thermon Group (NYSE:THR) to Buy cut shares of Thermon Group (NYSE:THRGet Rating) from a strong-buy rating to a buy rating in a report released on Saturday morning.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded Thermon Group from a buy rating to a hold rating in a research report on Wednesday, April 6th. TheStreet raised Thermon Group from a c rating to a b rating in a research note on Friday, February 4th.

THR opened at $15.84 on Friday. The company has a 50 day moving average price of $17.08. The stock has a market cap of $528.26 million, a PE ratio of 45.26 and a beta of 1.39. Thermon Group has a 52 week low of $15.31 and a 52 week high of $20.35. The company has a current ratio of 3.11, a quick ratio of 2.18 and a debt-to-equity ratio of 0.32.

Thermon Group (NYSE:THRGet Rating) last issued its quarterly earnings data on Thursday, February 3rd. The technology company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Thermon Group had a return on equity of 5.14% and a net margin of 3.63%. The company had revenue of $100.61 million during the quarter, compared to analyst estimates of $96.75 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. Sell-side analysts predict that Thermon Group will post 0.81 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Clifford Capital Partners LLC boosted its holdings in Thermon Group by 4.0% in the 3rd quarter. Clifford Capital Partners LLC now owns 23,885 shares of the technology company’s stock worth $413,000 after buying an additional 926 shares during the last quarter. Boston Partners raised its position in shares of Thermon Group by 3.8% during the 3rd quarter. Boston Partners now owns 26,032 shares of the technology company’s stock valued at $451,000 after buying an additional 952 shares during the period. Royal Bank of Canada raised its position in Thermon Group by 69.3% in the third quarter. Royal Bank of Canada now owns 4,116 shares of the technology company’s stock valued at $72,000 after purchasing an additional 1,685 shares during the period. IndexIQ Advisors LLC raised its position in Thermon Group by 11.1% in the third quarter. IndexIQ Advisors LLC now owns 23,068 shares of the technology company’s stock valued at $399,000 after purchasing an additional 2,310 shares during the period. Finally, Credit Suisse AG grew its stake in shares of Thermon Group by 10.1% in the fourth quarter. Credit Suisse AG now owns 27,215 shares of the technology company’s stock worth $461,000 after acquiring an additional 2,506 shares in the last quarter. Hedge funds and other institutional investors own 93.19% of the company’s stock.

Thermon Group Company Profile (Get Rating)

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries worldwide. Its products include electric heating products, such as air heaters and heating accessories, boilers and calorifiers, controlling and monitoring solutions, heat tracing systems, tank heating systems, thermostats, and system accessories, as well as band, strip, tubular, immersion, and process heaters; and gas heating products, including enclosure and explosion proof gas catalytic heaters, gas fired blowers, and has heating accessories that comprise regulators, valves, mounting brackets, and battery cables.

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