Thermon Group Holdings Inc (NYSE: THR) is -5.21% lower on its value in year-to-date trading and has touched a low of $23.05 and a high of $34.36 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 $27.16 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $27.27, the stock is 0.13% and 0.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 0.41% at the moment leaves the stock -4.62% off its SMA200. THR registered -5.97% loss for a year compared to 6-month loss of -14.78%.
The stock witnessed a -9.49% gain in the last 1 month and extending the period to 3 months gives it a -8.95%, and is -2.50% down 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 2.09% over the week and 2.82% over the month.
Thermon Group Holdings Inc (THR) has around 1568 employees, a market worth around $902.33M and $498.21M in sales. Current P/E ratio is 17.36 and Fwd P/E is 12.70. Profit margin for the company is 10.74%. Distance from 52-week low is 18.31% and -20.63% from its 52-week high. The company has generated returns on investments over the last 12 months (8.56%).
The EPS is expected to shrink by -0.44% this year
The shares outstanding are 33.24M, and float is at 31.87M with Short Float at 1.01%.
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 12.6933 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 9.6988 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.57 million shares representing 7.6117 and valued at over $79.04 million, while VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. holds 6.1668 of the shares totaling 2.08 million with a market value of $64.03 million.
Thermon Group Holdings Inc (THR) Insider Activity
The most recent transaction is an insider purchase by Cerovski Thomas N, the company’s SVP, Global Sales. SEC filings show that Cerovski Thomas N bought 500 shares of the company’s common stock on Feb 10 ’25 at a price of $27.72 per share for a total of $13860.0. Following the purchase, the insider now owns 42606.0 shares.
Thermon Group Holdings Inc disclosed in a document filed with the SEC on Dec 12 ’24 that Buntin David (SVP, Thermon Heat Tracing) sold a total of 28,137 shares of the company’s common stock. The trade occurred on Dec 12 ’24 and was made at $32.15 per share for $0.9 million. Following the transaction, the insider now directly holds 57773.0 shares of the THR stock.
Still, SEC filings show that on Dec 12 ’24, Buntin David (Officer) Proposed Sale 28,137 shares at an average price of $31.92 for $0.9 million. The insider now directly holds shares of Thermon Group Holdings Inc (THR).
