Thermon Group Holdings Inc. (NYSE: THR) stock jumped 2.50% on Wednesday to $22.94 against a previous-day closing price of $22.38. With 0.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.16 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $23.27 whereas the lowest price it dropped to was $21.95. The 52-week range on THR shows that it touched its highest point at $27.85 and its lowest point at $13.26 during that stretch. It currently has a 1-year price target of $30.00. Beta for the stock currently stands at 1.25.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of THR was up-trending over the past week, with a rise of 7.00%, but this was up by 6.30% over a month. Three-month performance dropped to -13.40% while six-month performance rose 12.84%. The stock gained 52.43% in the past year, while it has gained 14.24% so far this year. A look at the trailing 12-month EPS for THR yields 1.03 with Next year EPS estimates of 1.70. For the next quarter, that number is 0.41. This implies an EPS growth rate of 88.00% for this year and 8.31% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.00%.
Float and Shares Shorts:
At present, 33.49 million THR shares are outstanding with a float of 32.91 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.21 million, which was 0.62% higher than short shares on Mar 30, 2023. In addition to Mr. Bruce A. Thames as the firm’s Pres, CEO & Director, Mr. Kevin Fox serves as its Sr. VP & CFO.
Through their ownership of 97.84% of THR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.26% of THR, in contrast to 43.22% held by mutual funds. Shares owned by individuals account for 22.89%. As the largest shareholder in THR with 9.73% of the stake, The Vanguard Group, Inc. holds 3,261,399 shares worth 3,261,399. A second-largest stockholder of THR, T. Rowe Price Investment Manageme, holds 3,037,747 shares, controlling over 9.07% of the firm’s shares. Van Lanschot Kempen Investment Ma is the third largest shareholder in THR, holding 2,655,828 shares or 7.93% stake. With a 6.42% stake in THR, the Kempen Intl. Funds – Global Small is the largest stakeholder. A total of 2,149,107 shares are owned by the mutual fund manager. The T Rowe Price Small Cap Value Fund, which owns about 4.01% of THR stock, is the second-largest Mutual Fund holder. It holds 1,344,307 shares valued at 27.93 million. Vanguard Total Stock Market ETF holds 3.00% of the stake in THR, owning 1,003,940 shares worth 20.86 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Dec 30, 2022, THR reported revenue of $95.44M and operating income of $11.21M. The EBITDA in the recently reported quarter was $15.19M and diluted EPS was $0.20.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for THR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With THR analysts setting a high price target of $30.00 and a low target of $30.00, the average target price over the next 12 months is $30.00. Based on these targets, THR could surge 30.78% to reach the target high and rise by 30.78% to reach the target low. Reaching the average price target will result in a growth of 30.78% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded THR stock several times over the past three months with 7 Buys and 0 Sells. In these transactions, 6,671 shares were bought while 0 shares were sold. The number of buy transactions has increased to 43 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 134,085 while 19,269 shares were sold.