Thermon Group Holdings Inc (NYSE: THR) is -2.67% lower on its value in year-to-date trading and has touched a low of $23.76 and a high of $35.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The THR stock was last observed hovering at around $31.73 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $31.70, the stock is 7.09% and 9.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -0.09% at the moment leaves the stock 4.75% off its SMA200. THR registered 5.04% gain for a year compared to 6-month loss of -9.01%. The firm has a 50-day simple moving average (SMA 50) of $28.9584 and a 200-day simple moving average (SMA200) of $30.2374.
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The stock witnessed a 18.33% gain in the last 1 month and extending the period to 3 months gives it a 2.56%, and is 2.79% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.19% over the week and 3.88% over the month.
Thermon Group Holdings Inc (THR) has around 1416 employees, a market worth around $1.07B and $493.86M in sales. Current P/E ratio is 24.66 and Fwd P/E is 15.17. Profit margin for the company is 8.89%. Distance from 52-week low is 33.42% and -11.77% from its 52-week high. The company has generated returns on investments over the last 12 months (6.82%).
The EPS is expected to shrink by -1.10% this year
234.0 institutions hold shares in Thermon Group Holdings Inc (THR), with institutional investors hold 98.99% of the company’s shares. The shares outstanding are 33.72M, and float is at 32.90M with Short Float at 1.37%. Institutions hold 96.90% of the Float.
The top institutional shareholder in the company is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with over 4.28 million shares valued at $131.8 million. The investor’s holdings represent 12.7254 of the THR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.27 million shares valued at $100.71 million to account for 9.7234 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.57 million shares representing 7.631 and valued at over $79.04 million, while VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. holds 6.1825 of the shares totaling 2.08 million with a market value of $64.03 million.
Thermon Group Holdings Inc (THR) Insider Activity
Still, SEC filings show that on Jun 03 ’24, MCGINTY KEVIN J (Director) disposed off 5,000 shares at an average price of $32.84 for $0.16 million. The insider now directly holds 38,109 shares of Thermon Group Holdings Inc (THR).
